The Wall Street Journal, citing informed officials, reported that the International Energy Agency has proposed the largest-ever strategic petroleum reserve release. This move aims to reduce crude oil prices, which have risen due to the war between the United States, Israel, and Iran.
IEA Proposes Largest-Ever Strategic Oil Reserve Release
The International Energy Agency has proposed the largest-ever strategic petroleum reserve release to lower crude oil prices, which have surged due to the conflict between the US, Israel, and Iran, per Wall Street Journal.