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IEA Weighs Unprecedented Strategic Oil Release Amid Escalating Middle East Conflict
The IEA proposes a record-breaking strategic oil release to counter price spikes exceeding $119 per barrel following conflict between the U.S., Israel, and Iran. With 20% of the global supply blocked in the Strait of Hormuz, 32 member nations meet this Wednesday to decide on emergency measures to curb inflation and stabilize the energy market 