IEA Announces Release of 120 Million Barrels of Oil

• The IEA will release more than 20 million barrels of diesel as soon as possible.
• Member countries agreed to release 100 million barrels of oil from a March intervention.
• The total release amounts to over 120 million barrels of oil.
• The action aims to stabilize high fuel prices.
• The release is part of ongoing efforts to manage global energy markets.