Europe prepares to approve historic emergency oil release

Government

BRUSSELS — European countries are gearing up to approve the release of 400 million barrels of oil to offset soaring energy costs and supply fears as war rages in Iran. France, Italy, Germany and the U.K. have all signaled support for the measure, which would be the largest coordinated release of reserves in the International Energy Agency's history. It would be more than twice the 182 million barrels of oil IEA countries released following Russia’s invasion of Ukraine in 2022. "The IEA has

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Europe prepares to approve historic emergency oil release https://www.politico.eu - 11.03.2026 12:41

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Europe prepares to approve historic emergency oil release https://www.politico.eu - 11.03.2026 12:41