IEA to recommend release of strategic oil stocks on Iran war, sources say

The International Energy Agency is recommending a release of oil from strategic reserves that would exceed 100 million barrels over the first month, two sources with knowledge of IEA discussions say. The IEA did not immediately respond to a request for comment.

The development comes as the Iran war has put pressure on the global oil supply.

Most Popular
If you’d like to comment, join
The Times of Israel Community.
Join The Times of Israel Community
Commenting is available for paying members of The Times of Israel Community only. Please join our Community to comment and enjoy other Community benefits.
Please use the following structure: example@domain.com
Confirm Mail
Thank you! Now check your email
You are now a member of The Times of Israel Community! We sent you an email with a login link to . Once you're set up, you can start enjoying Community benefits and commenting.