The International Energy Agency announced it will soon release its emergency oil reserves to global markets. According to this announcement, American continent countries will supply 172.2 million barrels of oil.
This decision was made after increased tensions in the Strait of Hormuz and oil price fluctuations in global markets. The Strait of Hormuz is one of the most important oil transportation routes in the world.
Experts believe this action can help stabilize oil prices in global markets and prevent further price increases. #Oil #Energy\_Agency #Strait\_of\_Hormuz #Global\_Market
