IEA
IEA Announces Record 400 Million Barrel Strategic Oil Release Amid Persian Gulf Conflict
PARIS — In a desperate bid to prevent a global economic meltdown, the International Energy Agency (IEA) on March 11, 2026, authorized the largest emergency oil release in its 50-year history. The coordinated action will dump 400 million barrels of crude onto the global market over the next 90 days,