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Global Oil Stocks Released by IEA
March 14 , 2026
14 hrs 0 min
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- The International Energy Agency (IEA) will release 400 million barrels of emergency oil due to tensions in West Asia.
- The release is the largest in IEA history from member countries' strategic reserves.
- IEA member nations hold 1.2 billion barrels of public emergency oil and 600 million barrels of industry stocks under government rules.
- The decision follows attacks on commercial shipping in the Persian Gulf by Iran after US and Israeli strikes.
- Germany, Japan and Austria will release parts of their reserves.
- The release aims to stabilize global oil supply amid regional security threats.
- The Strait of Hormuz, a key shipping route, has been disrupted, affecting oil transport.
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