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IEA announces record oil stockpile release over Iran supply disruptions © France 24

01:45

Issued on: 12/03/2026 - 11:43

The International Energy ​Agency on Wednesday agreed to release a record 400 million barrels of oil from strategic stockpiles to combat a spike in global crude prices since the start of the US-Israeli war with Iran, with the US contributing the bulk of the supply.