Emergency reserves
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IEA agrees to release 400 million barrels of oil to address Iran war supply disruption
CNBC Television· 2026-03-11 14:45
The IEA saying just now they have unanimously agreed to tap 400 million barrels of oil from their emergency reserves. This is the largest uh tapping of oil reserves in history by the 32 member uh countries. Now one important thing to note here is that we do have to see what the flow rate is going to be.The headline number here 400 million barrels the largest uh reserves tapping. But the question now turns to how quickly can those barrels get out of storage. It's not necessarily immediate.Also, we we're wait ...