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Record oil reserves release

18:12

Record oil reserves release
Source: Press Material

Member states of the International Energy Agency (IEA) have agreed to release 400 million barrels of crude oil onto global markets in an effort to stabilize prices following the escalation of the US-Israel conflict with Iran.

IEA chief Fatih Birol said the move—approved unanimously—marks the largest coordinated release of emergency oil…

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