Reported about 1 month ago
The International Energy Agency (IEA) announced its readiness to tap into emergency oil stocks due to potential market disruptions following Israel's strikes on Iran, a move criticized by OPEC, which argued that no such urgency exists. While oil prices surged after the attacks, OPEC Secretary General Haitham Al Ghais accused the IEA of creating unnecessary market fear, stating that current supply dynamics do not warrant drastic measures.
Source: YAHOO