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HISTORICAL FACTS: 2 - The Untold Story

World Oil Prices Surge to Near $113 as US-Iran Conflict Disrupts Strait of Hormuz Flows on March 23, 2026

Global oil prices climbed sharply Monday amid persistent disruptions to the Strait of Hormuz caused by the ongoing U.S.-Iran conflict, with Brent crude benchmark rising to around $113 per barrel as supply fears intensified in the fourth week of hostilities.

International Business Times

Newsletter: Hungary accused of briefing Moscow on sensitive EU talks

Also today: The results from a nail-biting parliamentary election in Slovenia and French muncipal runoffs considered a political litmus test a year before a pivotal presidential ballot.

Euronews

IEA: Global economy faces ‘major, major threat’ because of Iran war

War in the Middle East has 'severely' damaged more than 40 energy assets across nine countries, said the head of the International Energy Agency, as he warned of deepening risks to the global economy.

Euronews

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International Energy Agency head says global economy faces ‘major, major threat’ because of Iran war

The head of the International Energy Agency head says the global economy faces a “major, major threat” because of the Iran war

The Independent UK

IEA urges swift cuts in oil demand, encourages remote work, less air travel

As the war in the oil-rich Middle East keeps escalating, the International Energy Agency is calling on governments to take measures to reduce oil demand by pushing remote working, reducing speed limits and encouraging a shift towards public transport.

Euronews

Ruben Gallego Wants Energy Department To Elaborate On Its Oil Reserve Release Plan

Last week, the DOE announced a plan to release 172 million barrels of oil as part of a broader planned release of 400 million barrels from various member governments of the International Energy Agency.

Latin Times

Trump Administration Eliminated Energy Experts Who Model Oil Market Shocks Ahead Of Iran Strikes — Elevates Risk Of Price Surges

Cuts to US energy offices under the Trump administration are under scrutiny as Iran war strikes rattle oil markets and complicate efforts to manage the global energy crisis.

International Business Times UK

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IEA Releases 400 Million Barrels from Reserves to Ease Energy Prices

The International Energy Agency released 400 million barrels of oil from reserves to stabilize global energy markets disrupted by the Strait of Hormuz crisis.

International Business Times

Largest ever oil reserves released as Iran war fuels price rises

The Middle East conflict has seen oil prices surge as the flow of oil tankers has effectively stopped

The Independent UK

War creating 'largest' oil shock in history as Iran hits new Gulf targets

The Middle East war is creating the biggest oil supply shock in history, the International Energy Agency warned Thursday, as Iran launched a new wave of attacks against Gulf energy targets that sent prices spiking above $100 a barrel.

Radio France Internationale

Cotton Closes Lower on Wednesday

Cotton futures were 5 to 13 points in the red on Wednesday. Crude oil was back up another $5.44 on Wednesday, adding some premium pack in as the Iran situation continues to unfold despite the International Energy Agency agreeing to release 400 million barrels of ethanol reserves. The US dollar...

Barchart

IEA’s ‘unprecedented’ oil release was supposed to fix everything, yet the market had a chilling response

The International Energy Agency (IEA) announced this week that its member countries unanimously agreed to release a massive 400 million barrels of oil from their strategic reserves, an unprecedented move aimed at stabilizing soaring prices, but the market’s response was, frankly, a bit chilling. Despite this huge injection of potential…

The Mary Sue

Cotton Slipping Lower on Wednesday

Cotton futures are 5 to 11 points in the red at midday. Crude oil is back up another $3.03 on Wednesday, adding some premium pack in as the Iran situation continues to unfold despite the International Energy Agency agreeing to release 400 million barrels of ethanol reserves. The US dollar...

Barchart

IEA announces historic oil reserve release amid Iran war

It would be the largest joint release in the International Energy Agency's history.

Axios

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International Business Times

Iran War Sparks Largest Ever Oil Reserve Release

The International Energy Agency unanimously agreed to release 400 million barrels of oil from emergency reserves in response to the Iran war.

The Independent UK

400 million barrels of emergency oil reserves to be released to calm surging prices

IN FULL

Barchart

S&P Futures Waver as Middle East Conflict Uncertainty Persists, U.S. Inflation Data in Focus

March S&P 500 E-Mini futures (ESH26) are trending down -0.09% this morning, swinging between gains and losses as uncertainty surrounding the Middle East conflict remains high, while investors await key U.S. inflation data.

The Times of India

Why Japan keeps the world’s third-largest strategic Oil reserve

As global energy markets face unexpected imbalance due to the Middle East rising tensions, Japan prepares to release oil to maintain surging costs. Holding the third-largest strategic reserve globally, as stated by the International Energy Agency (IEA), Japan's massive 254-day buffer serves as a critical shield against supply shocks. While…

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Euronews

Oil steadies as IEA and G7 move to release record reserves

Oil is trading flat in expectation that the International Energy Agency could trigger the largest-ever release of oil reserves, exceeding the 182 million barrels in 2022 after Russia’s invasion of Ukraine. The G7 will also meet on Wednesday to discuss using the reserves.

The Times of India

Fuel crisis: Major UAE oil refinery shut after drone attack; global energy body calls 'emergency meeting'

A major UAE oil refinery halted operations following a drone attack, intensifying fears of a global energy crisis. The International Energy Agency is convening an emergency meeting to assess supply risks and consider releasing strategic oil reserves. Escalating attacks on Gulf energy infrastructure are causing severe disruptions across various industries,…

The Independent UK

Oil prices latest: UK inflation forecast to spike amid fears Iran war could trigger new cost of living crisis

Price of oil has surged since US and Israel launched airstrikes towards Iran 10 days ago

International Business Times UK

Trump Dismisses Oil Spike Fears and Calls Critics 'Fools' as Other Countries Scramble for Oil Reserves

US President Trump downplays the crisis, calling it a minor sacrifice for global security. But the recent escalation in the Middle East has led to a significant rise in oil prices, prompting an emergency meeting among G7 leaders.

Fortune

Oil over $100, markets in freefall, and Iran's new Supreme Leader is Trump's 'worst case' scenario

Finance ministers from the G7 are set to meet at 8:30 a.m. New York time to discuss releasing reserves held by the International Energy Agency.

Euronews

US energy leader slams IEA's net zero agenda, suggests Washington could walk out

US Energy Secretary Chris Wright said the International Energy Agency should focus on energy security and abandon net zero ideas, but EU leaders have backed the Paris-based agency as a "trusted pillar" of the global energy community.

Euronews

Europe is strong in energy research but needs to improve commercialisation, new report says

A new report from the International Energy Agency says that while Europe pioneered the technologies of the future, it risks becoming a research hub for global competitors without systemic industrial scaling.

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