IEA to Release 400M+ Barrels from Emergency Reserves to Curb Fuel Prices

The IEA is coordinating a release of over 400 million barrels from emergency oil reserves, with the U.S. pressing for an additional 100 million barrels, to counter rising global fuel prices. The move signals coordinated supply intervention amid market tightness, though the exact composition and timing of the release remain uncertain. This is a significant supply-side response that could temper oil prices in the near term.