{"id":15725,"date":"2026-03-11T09:23:00","date_gmt":"2026-03-11T09:23:00","guid":{"rendered":"https:\/\/tomfarandasfolly.com\/?p=15725"},"modified":"2026-03-11T03:33:37","modified_gmt":"2026-03-11T03:33:37","slug":"coming-largest-ever-oil-release-from-strategic-reserves","status":"publish","type":"post","link":"https:\/\/tomfarandasfolly.com\/?p=15725","title":{"rendered":"Coming: Largest ever oil release from strategic reserves"},"content":{"rendered":"\n

Looks like a political move BUT it was recommended by the Internationlal Energy Agency – no doubt we will take down our reserves. But don’t gloat too much if you are a Trump-hater. Biden did the same thing <\/a>in the runup to the 2022 midterm elections. <\/p>\n\n\n\n

PARIS\u2014The International Energy Agency has proposed the largest release of oil reserves in its history to bring down crude prices that have soared during the U.S.-Israel war with Iran<\/a><\/p>\n\n\n\n

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The release would exceed the 182 million barrels of oil that IEA member countries put onto the market in two releases in 2022 when Russia launched its full-scale invasion of Ukraine, the officials said. The proposal was circulated at an emergency meeting of energy officials from the IEA\u2019s 32 member countries on Tuesday.<\/p>\n\n\n\n

Countries are expected to decide on the proposal Wednesday. It would be adopted if none objects, but even one country\u2019s protests could delay the plan, officials said.<\/p>\n\n\n\n

The IEA proposal is intended to counter the massive disruption caused by the near-total closure of the Strait of Hormuz<\/a>, the narrow waterway that connects the Persian Gulf to global markets. Roughly one-fifth of the world\u2019s oil supply moves through the Strait every day and the threat of attacks on tankers by Iran have brought shipments to a near standstill.<\/p>\n","protected":false},"excerpt":{"rendered":"

Looks like a political move BUT it was recommended by the Internationlal Energy Agency – no doubt we will take down our reserves. But don’t gloat too much if you are a Trump-hater. Biden did the same thing in the runup to the 2022 midterm elections. PARIS\u2014The International Energy Agency has proposed the largest release […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,18],"tags":[],"class_list":["post-15725","post","type-post","status-publish","format-standard","hentry","category-economics-and-politics","category-international-stuff"],"_links":{"self":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/15725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15725"}],"version-history":[{"count":1,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/15725\/revisions"}],"predecessor-version":[{"id":15727,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=\/wp\/v2\/posts\/15725\/revisions\/15727"}],"wp:attachment":[{"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tomfarandasfolly.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}