Oil-Producing Nations Release Emergency Reserves as Iran Tensions Spike Prices

Global oil agencies released 400 million barrels from emergency storage—the largest release ever—after Iran-related conflict threatened the Strait of Hormuz, where one-fifth of the world's oil passes daily. This four-day supply cushion buys time but doesn't fix the underlying shortage. If the strait stays blocked, reserves deplete fast, leaving little buffer for future crises.