IEA proposes oil reserve release amid Middle East tensions
3 Articles
3 Articles
The Middle East war has caused the biggest supply disruption in the history of the global oil market after Iranian attacks forced Gulf states to cut their oil output, the International Energy Agency (IEA) said. Their combined output has fallen by at least 10 million barrels per day.
CHOCHILINO Plans for record emergency oil release signal Middle East war could drag on for months %
In an aerial view, Marathon Petroleum Corp’s Los Angeles Refinery, one of the largest oil refineries in the North America, operates as gas prices rocket upward due to worldwide oil supply disruptions caused by the U.S. and Israeli attack on Iran, on March 10, 2026 in Carson, California. David McNew | Getty Images Plans to release the largest emergency oil stockpile in history are sending a clear signal: energy markets are preparing for a confli…
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