Wealthy nations pledge record release of emergency oil reserves in a bid to calm surging prices
PARIS (AP) — A group representing many of the world's wealthiest countries agreed Wednesday to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects of the Iran war on energy markets and the halt of cargo shipping through the Strait of Hormuz. The International Energy Agency said it will make 400 million barrels of oil available from its members’ emergency reserves, which is more than double the 182. 7 million barrels that the IEA's 32 member...
Read MoreWed, 11 Mar 2026
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Sun, 08 Mar 2026
- Iran names Mojtaba Khamenei to succeed his father as supreme leader and Saudi sharpens warning
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Sat, 07 Mar 2026
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