IEA Release of Emergency Reserves to Ease Oil Flow in 120 Days, Impact Seen in India Already
The International Energy Agency’s 32 member countries have unanimously agreed to release 400 million barrels of oil from emergency reserves, the largest such action in the agency’s history, following the US-Israel war on Iran that resulted in the latter choking Strait of Hormuz shipment flows to less than 10% of pre-conflict levels. Under the IEA […]