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International Energy Agency

A drone view of a pump jack and drilling rig south of Midland, Texas, U.S. June 11, 2025. REUTERS/Eli Hartman/File Photo
Mar 11, 2026

Oil prices up 5% as supply fears mount despite record stocks release plan

Oil prices surged nearly 5% due to attacks in the Strait of Hormuz and concerns over supply despite the IEA's plan for a record 400 million barrel reserve release.

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