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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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Source The Guardian Business

Published Mar 11, 2026 · 2:27 pm

Article ID nic1211

Original URL Open source

Strong Bearish -97.8

−100Neutral+100

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