3D-printed oil pump jack and barrels in front of a rising stock graph appear in this illustration, taken March 2, 2026. REUTER
(Reuters) – The International Energy Agency has proposed the largest release of oil reserves in its history to bring down crude prices that have soared due to the U.S.-Israel war with Iran, the Wall Street Journal reported on Tuesday, citing officials familiar with the matter.
The release would exceed the 182 million barrels of oil that IEA member countries put onto the market in two releases in 2022 when Russia launched its full-scale invasion of Ukraine, WSJ added.
Reuters could not immediately verify the report.
Reporting by Fabiola Arámburo in Mexico City; Editing by Himani Sarkar
