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| Economy |
| IEA to recommend record release of strategic oil stocks because of Iran war, sources say |
| 2026-03-11 |
| [Reuters] The International Energy Agency (IEA) is to recommend the release of 400 million barrels of oil, the largest such move in IEA history, three sources said on Wednesday, to try to restrain soaring crude prices amid the U.S.-Israeli war with Iran. One of the sources said the release would be spaced over at least two months, while Spain's energy minister said countries would have up to 90 days to release that volume. Three sources said the Paris-based IEA would publish its recommendation at 1300 GMT on Wednesday, ahead of a 1400 GMT meeting of G7 leaders chaired by France. The IEA did not immediately respond to a request for comment. Related: International Energy Agency: 2026-02-21 Ukrainian Perspective: Invasion of Ukraine: February 20, 2026 International Energy Agency: 2026-02-19 Chinese EV company CATL unveils a new super battery International Energy Agency: 2025-12-14 Iran raises gas prices for first time since deadly 2019 protests |
| Posted by:Skidmark |
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| Posted by: 746 2026-03-11 12:27 |
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| Posted by: Skidmark 2026-03-11 10:15 |
| #1 |
| Posted by: Skidmark 2026-03-11 07:52 |