IEA to Release 116.6 Million Barrels of Emergency Oil as US-Iran War Escalates, Israel Denies Interceptor Shortage

Brief by Shorts91 Newsdesk / 04:10pm on 15 Mar 2026,Sunday International

The International Energy Agency (IEA) has announced the release of emergency oil reserves to stabilise global markets amid the ongoing US-Iran war. Governments have agreed to make about 116.6 million barrels of oil available from industry stocks. The move aims to ease supply concerns as tensions rise in the Middle East. At the same time, Israel denied reports that it is running low on missile interceptors used in its air defence systems. Meanwhile, the conflict continues across the region with missile and drone attacks reported in several areas. Security concerns have also affected global events, including the cancellation of the Argentina-Spain Finalissima match in Qatar.

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