AFP / France 24(center)
G7 leaders have announced the record release of 400 million barrels of oil in response to the war in the Middle East. This represents about twenty days worth of usual oil traffic through the Strait of Hormuz, currently through dangerous to go through due to the threat of Iranian strikes. This initia
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The International Energy Agency agreed on Wednesday to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects on energy markets of the war in the Middle East.
The Paris-based organisation said it will make 400 million barrels of oil available from its me
Read full original ›Bloomberg(center)
The International Energy Agency agreed to discharge 400 million barrels from emergency oil reserves, its largest-ever release, as governments seek to contain a price spike driven by the Middle East war.
Read full original ›Financial Times(lean-left)
Unprecedented move underscores fears of threat to global economy from the Middle East war
Read full original ›Reuters(center)
Shares steady, oil turbulence deepens as Middle East war roils markets Reuters
Read full original ›Financial Times(lean-left)
Plan underlines fears for the global economy from energy shock triggered by the Middle East war
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