IEA Announces Record Oil Release as Strait of Hormuz Disruptions Shake Global Markets

by Emmitt Barry, Worthy News Washington D.C. Bureau Chief(Worthy News) – The International Energy Agency (IEA) announced Wednesday that member nations will release 400 million barrels of oil from emergency reserves, the largest coordinated drawdown in the agency’s history, as the war with Iran disrupts global energy supplies.The move comes as tanker traffic through the Strait of Hormuz—responsible for about 20 percent of the world’s oil shipments—has slowed dramatically following attacks o