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The International Energy Agency has agreed to its largest-ever release of oil reserves as the Iran war wreaks havoc on global energy markets.

IEA Agrees To Record Release Of Emergency Oil Reserves In An Effort To Calm Surging Prices

The International Energy Agency has agreed to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects on energy markets of the war in the Middle East.

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The IEA announced its largest-ever release of strategic oil reserves, as the war in Iran roils energy markets.

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Thirty-two countries will release 400 million barrels of oil to help shore up global supply as the war with Iran rages on.

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