# IEAReleasesRecordOilReservesToAsiaMarket

#IEAReleasesRecordOilReservesToAsiaMarket
On 11 March 2026, the International Energy Agency (IEA) announced an unprecedented coordinated release of 400 million barrels of strategic oil reserves from its 32 member nations, including the US, Japan, South Korea, Germany, France, the UK, and Australia. This is the largest release in the IEA’s history, made in response to a severe global supply shock caused by the escalating US-Israel vs. Iran conflict and near-blockage of oil shipments through the Strait of Hormuz, which normally carries roughly 20 million barrels per day — about 20–25% of global