IE to release more oil from reserves if Middle East market disruptions persist.

The International Energy Agency is prepared to release additional oil from strategic reserves if needed to stabilize markets amid ongoing Middle East disruptions. The agency previously authorized a record 400 million barrel release, with the U.S. contributing 172 million barrels, as attacks on infrastructure and threats to the Strait of Hormuz have driven prices near $100 per barrel. While officials hope further releases can be avoided, the crisis is causing severe economic strain, with the UN warning of poverty risks, and shipping remains uncertain due to blocked routes and insurance issues.