KEY POINTS MAIN STORY The International Energy Agency (IEA) reportedly authorized an unprecedented release of 400 million barrels of oil from its member nations’ strategic reserves on Wednesday. This move, described as a “major action” by IEA Executive Director Fatih Birol, marks the largest coordinated effort to balance global energy markets since the agency’s founding … Continue reading IEA orders record 400 million barrel oil release amid escalating Iran war