The IEA is considering releasing more than 182 million barrels of oil to contain price increases following U.S. and Israeli military operations against Iran.

The closure of the Strait of Hormuz has prompted price increases. On Monday, the Finance Ministers of the G7 group agreed to take “all necessary measures” to stabilize hydrocarbon markets affected by the U.S.-Israeli war on Iran. RELATED: Fears of Strait of Hormuz Closure Drive Energy Shock French Finance Minister Roland Lescure, the G7’s rotating […]