IEA orders largest ever release of emergency oil

IEA orders largest ever release of emergency oil

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Publish Date:
12 March, 2026
Category:
CNN
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Standard License
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Youtube

Member countries of the International Energy Agency unanimously agreed Wednesday to release 400 million barrels of oil into the global market – the largest release of emergency oil stocks in history – in a drastic move aimed at shoring up crude supplies and capping a surge in prices caused by the conflict in the Middle East. CNN's Business and Economics Reporter Anna Cooban reports.

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