International Energy Agency

IEA sees possibility of critically low oil stockpiles ahead of peak summer demand

2026-06-02T12:25:24.000Z
International Energy Agency executive director Fatih Birol says continued trade disruption risks pushing oil and petrol prices even higher.

Iran war undermines trust in Hormuz transit: IEA’s director Birol

2026-05-11T12:37:22.000Z
Now in its second month, the war in the Strait of Hormuz effectively chokes off around a fifth of global oil and LNG supply.

Iran war to keep petrol market tight for two more years: IEA

2026-04-24T12:05:43.000Z
The market was underestimating the consequences of a prolonged closure of the Strait of Hormuz, said Fatih Birol.

Loss of energy output in Middle East due to Iran war will take about 2 years to recover: IEA chief

2026-04-17T07:28:09.000Z
Iran has almost entirely blocked the traffic in the Strait of Hormuz, through which about 20 per cent of world oil and gas regularly flows.

Oil, gas crisis triggered by Iran’s Hormuz blockade worse than 1973, 1979, 2022 together: IEA chief

2026-04-07T08:30:07.000Z
Further oil reserves can be released as necessary if the Iran war further disrupts global energy markets over the coming days and weeks, IEA executive director Fatih Birol said.

Over 40 Middle East energy assets ‘severely damaged,’ IEA says

2026-03-23T08:27:05.000Z
Buyers in Asia are most reliant on flows from the Middle East, so the speed of reserve releases is particularly key for the region. 

Over 400 million barrels of emergency oil reserves to flow to global markets, starting with Asia immediately: IEA

2026-03-15T15:56:21.000Z
The Strategic Petroleum Reserve currently contains roughly 415 million barrels, about 60% of its capacity, following a series of withdrawals by the Biden administration.

US to release 172 million barrels of oil for IEA relief plan

2026-03-12T03:22:48.000Z
Resource-scarce Japan is vulnerable to disruptions to energy flows, as the war in the Middle East upends global oil and gas markets.

Japan to release 80 million barrels of oil from reserves

2026-03-11T23:08:20.000Z
Trump is facing political pressure to address rising fuel prices that have been driven up by the spike in oil prices.

Trump signals US will tap oil reserve to ease price shock

2026-03-11T22:38:01.000Z