IEA nations agree to release 400 million barrels of oil to stabilize markets

Azernews.Az

13 March 2026 11:52 (UTC+04:00)

AzerNEWS Staff

Member countries of the International Energy Agency (IEA) have unanimously agreed to release 400 million barrels of oil from emergency reserves to the global market in an effort to stabilize supply following disruptions caused by the ongoing conflict in the Middle East, AzerNEWS reports, citing the agency.

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