Wealthy nations release record oil reserves
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Source: The Korea Herald
Published: 2026-03-12 14:57 UTC+10:00
Section: All News
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Europe, Military & Defence, Iran, Energy, World News, War & Conflict
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Snippet:
PARIS (AP) — A group representing many of the world's wealthiest countries agreed Wednesday to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects of the Iran war on energy markets and the halt of cargo shipping through the Strait of Hormuz.
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