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🌐The 32 member states of the International Energy Agency (IEA) have unanimously agreed to release 400 million barrels of emergency oil reserves — the largest release in history.For context, 400 million barrels equals roughly 4 days of global oil consumption.
🌎This move by the IEA, including the US and UK, aims to offset supply disruptions caused by the closure of the Strait of Hormuz, a critical global oil transit route
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.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}🌐The 32 member states of the International Energy Agency (IEA) have unanimously agreed to release 400 million barrels of emergency oil reserves — the largest release in history.

🌐The 32 member states of the International Energy Agency (IEA) have unanimously agreed to release 400 million barrels of emergency oil reserves — the largest release in history.