WSJ: IEA is proposing the largest oil release ever from strategic reserves.

 

The Wall Street Journal, citing sources familiar with the issue, reported that the 'International Energy Agency' has proposed the 'largest release in oil reserves history to lower a soaring crude price? due to the U.S./Israel war against Iran.

WSJ reported that the release of oil would be greater than the 182,000,000 barrels?of crude oil that IEA members countries released in two releases in 2022, when Russia began its full-scale 'invasion' of Ukraine.

The Wall Street Journal reported that the IEA will convene an extraordinary meeting with its member states 'on Tuesday. They are expected to 'decide on the proposal - Wednesday. The newspaper reported that the proposal would be approved if no one objected, but even a single country's protest could delay it.

U.S. and Brent crude futures fell after the report.

The IEA or the White House didn't immediately respond to a request for comment.

On Monday, benchmark oil prices rose to almost four-year highs but fell on Tuesday as U.S. president Donald Trump predicted that 'the war in the Middle East could end soon.

The G7 energy minsters did not agree on a'release of strategic reserves' Tuesday, but instead asked the IEA for an assessment of the situation.

https://energynews.oedigital.com/oil-gas/2026/03/10/wsj-reports-that-iea-is-proposing-the-largest-oil-release-ever-from-strategic-reserves