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IEA Confirms Immediate Flow of Emergency Oil Stocks to Asia
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IEA: Emergency Oil Stocks Flow Immediately to Asia Amid Middle East War Disruption
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Moneycontrol
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15-03-2026, 21:13
IEA: Emergency Oil Stocks Flow Immediately to Asia Amid Middle East War Disruption
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The International Energy Agency (IEA) announced immediate release of oil from emergency stocks for Asia, starting March 16.
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This move aims to replace barrels lost due to war-related disruptions in the Middle East, crucial for highly reliant Asian buyers.
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Oil from these emergency stocks will be made available to Europe and the Americas only from the end of March.
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IEA stated the Middle East war has caused the biggest supply disruption in history, effectively blocking the vital Strait of Hormuz.
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Oil futures closed above $100 a barrel; IEA Executive Director Fatih Birol emphasized opening the Strait of Hormuz for stable flows.
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