IEA recommends record oil reserve release amid Iran war
The IEA recommends a record release of oil reserves to curb prices during the Iran war. G7 leaders support the move to stabilize global energy markets.
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The International Energy Agency (IEA) is proposing a historic release of strategic oil reserves, potentially exceeding 100 million barrels within the first month. This recommendation aims to curb soaring crude prices fueled by the escalating conflict between the United States, Israel, and Iran. According to sources familiar with the discussions, the scale of this intervention would mark the largest in the agency's history.
