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IEA Unleashes Record 400M Barrel Oil Stockpile Release Amid Iran War Disruptions

2 hours ago

The International Energy Agency on Wednesday agreed to release a record 400 million barrels of oil from strategic stockpiles to combat a spike in global crude prices since the start of the U.S.-Israeli war with Iran, with the U.S. contributing the bulk of the supply.The IEA said all 32 member countries backed the move, the sixth coordinated stockpile release since the agency's creation in the 1970s…

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