US-Israel-Iran conflict: IEA to release 400 mn barrels of oil as Middle East war rattles global energy market
The International Energy Agency (IEA) on Wednesday (local time) announced that it will release 400 million barrels of oil from its emergency stockpile into the market to address disruptions in the global energy markets stemming from the war in the Middle East.
The 32-member organisation said the decision to take this emergency action was made after an extraordinary meeting held recently.
