{"id":3174,"date":"2026-03-11T14:35:32","date_gmt":"2026-03-11T14:35:32","guid":{"rendered":"https:\/\/news678.top\/?p=3174"},"modified":"2026-03-11T14:35:32","modified_gmt":"2026-03-11T14:35:32","slug":"international-energy-agency-to-release-400-million-barrels-of-oil-in-move-to-lower-energy-prices","status":"publish","type":"post","link":"https:\/\/news678.top\/?p=3174","title":{"rendered":"International Energy Agency to release 400 million barrels of oil in move to lower energy prices"},"content":{"rendered":"
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The International Energy Agency on Wednesday said it would release 400 million barrels of oil from emergency reserves, the largest release in the multinational organization’s history.<\/p>\n
The announcement comes as the Strait of Hormuz remains effectively closed because of the Iran War<\/span>. Normally, roughly a fifth of the world’s oil supply flows through the critical waterway.\u00a0<\/p>\n
“On the face of it, a large release of strategic reserves from the IEA would help to bring prices down,” Hamad Hussein, climate and commodities economist with investment adviser Capital Economics, said in a note to clients. “Indeed, oil prices fell back below $100 [per barrel] this week following discussions that the IEA was considering releasing oil reserves.”<\/p>\n
Hussein noted, however, that whether lower oil prices could be sustained depends on how the conflict evolves.<\/p>\n
\u2014 This is a developing story. Check back for updates.\u00a0<\/em><\/p>\n\n