According to WSJ, IEA officials reviewed a proposal to release more than 182 million barrels as oil prices surged during the U.S.-Israel and Iran war, with a decision expected Wednesday.
According to WSJ, the International Energy Agency discussed releasing more than 182 million barrels of oil to contain rising prices during the U.S.-Israel and Iran war. The proposal was reviewed Tuesday by officials from the agency’s 32 member states, and a decision was expected Wednesday. At publication, WTI crude had fallen 5.20% to below $82 a barrel.