Relief ahead? Member countries of the International Energy Agency unanimously agreed to release 400 million barrels of oil from their emergency reserves to help stabilize the market. The release exceeds the 182 million barrels of oil that IEA member states released in 2022, when Russia launched its full-scale invasion of Ukraine. Meanwhile, CBS News reported […]
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Daily Memo: Oil Markets and Shipping Disruptions
Iran may be preparing to deploy naval mines in the Strait of Hormuz.
