IEA agrees to release record 400 million barrels of oil to address Iran war supply disruption

[https://www.cnbc.com/2026/03/11/iea-oil-reserves-crude-prices-iran-g7-energy.html](https://www.cnbc.com/2026/03/11/iea-oil-reserves-crude-prices-iran-g7-energy.html)

The International Energy Agency (IEA) on Wednesday agreed to release a record 400 million barrels of oil from emergency reserves to counter the massive supply shock caused by the Iran war and the shutdown of the Strait of Hormuz, aiming to stabilize prices and support global energy security