The International Energy Agency announced the largest emergency oil reserve release in history to curb prices. Swipe to see →
With Brent crude oil surpassing the psychological mark of $100 per barrel and global stock markets in freefall, the measure represents a...
The Strait of Hormuz, located between Iran and Oman, is a maritime passage only 34 kilometers wide at its narrowest point. Despite its...
Faced with the gravity of the situation, IEA Executive Director Fatih Birol convened an emergency meeting with the organization's 32...
This is only the sixth time in history that the IEA has coordinated a collective reserve release. Each previous one marked a moment of...
With the Strait of Hormuz virtually closed to commerce, producing and consuming countries are seeking alternatives:
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