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Wednesday, March 11, 2026

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March 10 (Reuters) - The International Energy Agency has ‌proposed the largest ‌release of oil reserves in ​its history to bring down crude prices that have soared due ‌to the ⁠U.S.-Israel war with Iran, the Wall ⁠Street Journal reported on Tuesday, citing officials ​familiar with ​the ​matter.

Reuters

The release would ‌exceed the 182 million barrels of oil that IEA member countries put onto the market ‌in two releases ​in 2022 ​when ​Russia launched its ‌full-scale invasion of ​Ukraine, ​WSJ added.

Reuters could not immediately verify the report.

(Reporting ​by ‌Fabiola Arámburo in ​Mexico City; Editing by ​Himani Sarkar)