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IEA agrees to release 400M barrels from strategic oil reserves

(The Center Square) — The International Energy Agency’s 32 member nations unanimously agreed on Wednesday to a coordinated release of 400 million barrels from their emergency crude oil stockpiles in an effort to restrain soaring global prices as the U.S.-Israeli war with Iran entered the 12th day.

The release is designed to replace approximately 20 to 26 days of shipments supplied to world markets …

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