IEA head says oil reserve release had 'strong impact' on markets

Group 1 - The IEA has released 400 million barrels of oil from global strategic reserves to stabilize energy markets amid critical disruptions caused by the Iran war and the closure of the Strait of Hormuz [1][1][1] - This intervention is described as the largest in history and aims to mitigate one of the worst oil shocks since the 1970s [1][1][1] - The IEA's Executive Director, Fatih Birol, emphasized the strong impact of this decision on global energy markets, which are currently facing significant challenges [1][1][1] Group 2 - U.S. President Donald Trump stated that the IEA's decision will "substantially" reduce oil prices during the ongoing conflict involving the U.S. and Israel against Iran [1][1][1] - Tehran has warned that oil prices could escalate to $200 per barrel due to attacks on tankers in Iraqi waters and near the Strait of Hormuz [1][1][1]