IEA poised to trigger record oil-stock release to tame prices amid Middle East tensions
The IEA is expected to propose releasing about 400 million barrels from member governments’ emergency stocks—the largest release in its history—to counter a price spike linked to attacks on Iran and disruptions in the Strait of Hormuz, with up to 90 days for release across 32 members, and tentative G7 backing in principle for using strategic reserves.