Paris, March 25 (SANA) The International Energy Agency (IEA) said Wednesday it is prepared to release additional oil reserves if needed, as disruptions in global energy markets intensify amid rising tensions in the Middle East.
IEA Executive Director Fatih Birol said the agency still holds significant reserves and could act if required. “There are still large quantities of oil in our stocks, about 80 percent, and if necessary, we are ready to move forward with releasing them,” he said, expressing hope such measures would not be needed.
The remarks come as global energy markets face volatility linked to disruptions in the Strait of Hormuz, a key transit route for oil and gas shipments.
The waterway has been severely affected by escalating military tensions, leading to significant constraints on navigation and raising concerns over supply flows.
The developments follow ongoing tensions involving the United States, Israel and Iran, which have heightened risks to energy infrastructure and shipping routes in the region.
U.S. President Donald Trump said Monday that constructive talks had taken place with Iran, adding that he had postponed planned strikes on Iranian energy facilities for five days after previously warning of possible military action if the Strait of Hormuz remained closed.
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