The International Energy Agency announced the release of 400 million barrels of emergency oil reserves into the market.

The International Energy Agency (IEA) announced today that it will release 400 million barrels of oil from its emergency reserves to the market. The IEA stated that the situation in the Middle East has posed a "significant and escalating risk" to the oil market. These reserves will come from the mandatory reserves of IEA member countries. According to regulations, member countries must hold stocks equivalent to at least 90 days of net imports from the previous year. Reserves can be in the form of crude oil, refined products, or a combination of both. The latest IEA data shows that North America's strategic reserves are primarily crude oil, while European and Asian member countries hold both crude oil and refined products. As of the end of 2025, the total amount of oil in the public stocks of IEA member countries will be 1.25 billion barrels, accounting for approximately 30% of the total oil stocks of the OECD. This is the sixth time the IEA has issued an emergency reserve release order since its establishment in 1974. (Jinshi)