The IEA Plans Record Oil Reserve Release, G7 Mobilizes

The International Energy Agency (IEA) has proposed releasing the largest quantity of oil reserves ever placed on the market, according to the Wall Street Journal. This initiative aims to counter supply disruptions caused by the conflict between the United States, Israel, and Iran. The volume being considered would exceed the 182 million barrels released during two operations conducted in 2022 following Russia's invasion of Ukraine. Neither the IEA nor the White House has responded to requests for comment.