Release of oil reserves

Deadly Swiss bus fire could have been arson

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THE International Energy Agency has agreed to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects on energy markets of the war in the Middle East.

The Paris-based organisation said it will make 400 million barrels of oil available from its members' emergency reserves.

It's a larger stock than the 182.7 million barrels that were released in 2022 by the IEA's 32 member countries in response to Russia's full-scale invasion of Ukraine.