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FILE - In this 8 June 2011 file photo, sun sets behind an oil pump in the desert oil fields of Sakhir, Bahrain.

Economy

Video. IEA approves historic 400m barrel oil release amid Iran crisis

Updated: 11/03/2026 - 17:19 GMT+1

The 32-member International Energy Agency has unanimously agreed to release 400 million oil barrels from its global strategic reserves in an attempt to prevent supply disruptions and ease market fears caused by Iran war shortages.

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