US-Israel, Iran conflict: IEA says over 400 million barrels of emergency oil to start flowing soon amid tensions
The International Energy Agency (IEA) on Sunday (local time) shared an update regarding the release of emergency oil as the US and Israel’s war on Iran rages on. The agency said oil from the agency’s emergency reserves will soon start flowing to global markets to address supply disruptions.
Earlier this week, IEA announced that it is releasing 400 million barrels of oil from its emergency stockpile to the global markets in response to the disruptions caused by the conflict in the Middle East.
