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Thursday, March 12, 2026
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Article The Guardian Business

IEA orders largest ever release of stockpiled oil to reduce crude price

The Guardian Business March 11, 2026 · 2:27 pm Read Original
Strong Bearish -97.8
−100 Bearish 0 +100 Bullish
IEA orders largest ever release of stockpiled oil to reduce crude price

Members agree unanimously to release about 400m barrels amid market volatility caused by Iran warBusiness live – latest updatesMiddle East crisis live – latest updatesThe International Energy Agency has ordered the largest release of government oil reserves in its history to help calm the oil price shock triggered by the US-Israeli attacks on Iran.The world’s energy watchdog said its 32 members had agreed unanimously to release about 400m barrels of emergency crude, a third of the group’s total government stockpiles and more than double the IEA’s previous biggest release. Continue reading...

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Article Info
Source The Guardian Business
Published Mar 11, 2026 · 2:27 pm
Article ID nic1211
Original URL Open source
Sentiment Signal
Strong Bearish -97.8
−100Neutral+100
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