Iran’s $200 Oil Warning Raises Stakes as IEA Floods Market With Emergency Crude

Oil markets jolted on Wednesday after the International Energy Agency said member countries will release a record 400 million barrels from emergency reserves to counter supply disruptions tied to the U.S.-Israel war with Iran and the growing blockade of the Strait of Hormuz. IEA Deploys Record Strategic Oil Release to Stabilize Markets The coordinated action—announced […]