Storyline

G7 supports largest-ever IEA oil reserve release to ease soaring prices amid Middle East tensions

In response to a sharp surge in oil prices triggered by the US-Israel conflict with Iran, the International Energy Agency (IEA) is set to authorize its largest-ever release of 400 million barrels from strategic reserves.

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  • BBC News environment
    bbc.com
  • The Guardian analysis on IEA oil reserves release
    theguardian.com