Italy joins IEA oil reserve release with 9 million barrels

Italy joins IEA oil reserve release with 9 million barrels Italy will contribute with 9 million barrels to a coordinated release of strategic oil reserves, joining other International Energy Agency members, a government source said on Thursday. Asked about the timing, the source said "availability was immediate. " The IEA recommended on Wednesday the release of 400 million barrels of oil, the largest such move in its history, to try to restrain soaring crude prices amid the US-Israeli war on Iran.