JUSTTHENEWS (Kevin Killough) - International Energy Agency announces release of crude oil from global strategic reserves
The act will be the largest release of crude from global strategic reserves in history.
NPR (Camila Domonoske) - Countries agree to historic release of stockpiled oil to ease the global shortage
Members of the International Energy Agency have announced a coordinated release of 400 million barrels of stockpiled oil in an attempt to counter the disruption in oil trade triggered by the Iran war.
AXIOS (Avery Lotz) - International agency calls for historic oil release amid Iran war
The International Energy Agency is proposing that its member governments jointly release up to 400 million barrels of oil from strategic stockpiles after the Iran war set off a chaotic spike in crude prices. Why it matters: It would be the largest joint release in the history of IEA, which coordinates members' emergency responses to oil shocks. - The effort is the most aggressive energy policy response yet to the conflict that's bottling up massive volumes as transit through the Strait of Hormuz off Iran remains largely frozen. - "The conflict in the Middle East is having significant impacts on global oil and gas markets, with major implications for energy security, energy affordability and the global economy," IEA executive director…