The release of 400 million barrels by members of the International Energy Agency is designed to "address disruptions in oil markets stemming from the war in the Middle East".
Oil sector asked to assess crude quantities available for release into market as war in Iran escalates, Energy Minister says ...
The reports of attacks on commercial ships came after the US said it "eliminated" 16 Iranian mine-layers in the area. Elsewhere, two drones were downed near Dubai airport.
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