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The Independent UK
The Independent UK
Matt Sedensky and Wyatte Grantham Philips

Largest ever oil reserves released as Iran war fuels price rises

Oil Iran IEA Donald Trump Middle East United States Chris Wright Energy G7 International Energy Agency

The escalating conflict in Iran has disrupted global oil supplies, leading to halted tanker movements, targeted refineries, and widespread investor concern over soaring energy prices.

In response, the International Energy Agency (IEA) agreed on Wednesday to release the largest volume of emergency oil reserves in its history.

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