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IEA announces record 400 million barrel oil release amid Middle East tensions

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IEA announces record 400 million barrel oil release amid Middle East tensions


IEA announces record 400 million barrel oil release amid Middle East tensions

The International Energy Agency (IEA) has authorised the historic release of 400 million barrels of oil to address the shortage caused by supply disruptions amid intensifying tensions in the Middle East.

The decision comes after Iran announced the closure of the Strait of Hormuz, a critical passage through which much of the world’s oil supply passes, following U.S.–Israeli joint military strikes on Iran.

The announcement, made on Wednesday, did not set out a timeline for the release of oil stocks. However, it added that the oil would be released in appropriate time depending on the circumstances of the 32 member states.

For context, IEA was formed in 1974 to maintain global energy security in response to the 1973 Arab oil embargo. It primarily consists of advanced economies from Europe, North America and Northeast Asia.

Speaking at the organisation’s headquarters in Paris, the IEA Executive Director Fatih Birol said that considering the significant impacts of the conflict in the Middle East on global oil, gas markets, energy security and global economy for oil, “I can now announce that IEA countries have unanimously decided to launch the largest-ever release of emergency oil stocks in our agency’s history.”

The agency holds over 1.2 billion barrels of oil in public emergency reserves, along with around 600 million barrels of industry stocks held under government obligations

Birol said the release would help mitigate immediate effects of the closure of the Strait of Hormuz. 

The normal flow of traffic from the Strait is needed to bring oil and gas flows back to the global market. 





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Taylor Swift causes new uproar for ‘TS13’ after countdown drama

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Taylor Swift causes new uproar for ‘TS13’ after countdown drama


Taylor Swift excites fans with ‘TS13’ clues amid re-recording buzz

Taylor Swift is coming back stronger than a ’90s trend, for her 13th album, and what Swifties refer to as her magnum opus.

The 36-year-old pop superstar was previously reported to have returned to work after the release of her 12th album, The Life of a Showgirl, and latest updates reveal that she has partnered with longtime collaborators for the next project. 

According to the latest tips, the 14-time-Grammy winner is expected to be releasing her 13th studio album in 2027, and Aaron Dessner as well as Jack Antonoff would be returning to the studio with her.

A social media post claimed, “It’s not yet clear, but a Laurel Canyon Sound is expected: 70s soft-rock/alternative rock w/ folk-country influences, very Fleetwood Mac code.”

Swifties flocked to the comments and reacted to the exciting news, with one writing, “As long as it’s her and Aaron Desner, I would be up for that!!”

Another added, “OMGG Fleetwood Mac sound pls!!” and “TS13 is so close omg,” chimed in a third.

While no official announcement has been made so far, a few months ago in an interview Travis Kelce teased that his fiancee had been working on a new sound in the studio.





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Princess Charlotte shows off ‘sporty' Princess Kate trait in latest video

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Princess Charlotte shows off ‘sporty' Princess Kate trait in latest video



Kensington Palace shared a rare glimpse of Princess Charlotte in which she channels her mum’s sporty side as she plays cricket.



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United Airlines 767 slams into NJ Turnpike light pole in viral crash—but what really happened?

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United Airlines 767 slams into NJ Turnpike light pole in viral crash—but what really happened?


United Airlines 767 slams into NJ Turnpike light pole in viral crash—but what really happened?

A passenger airplane with 221 passengers onboard hits a bakery truck in New Jersey on Sunday, May 3, 2026.

According to Federal Aviation Authority (FAA), all 221 passengers on board along with 10 crew members didn’t sustain any injuries.

United flight 169, traveling from Venice, Italy to New Jersey, slammed into a light pole during its descent at around 2 p.m.

The plane landed safely and taxied to the gate.

United Airlines Boeing 767 was approaching Newark Liberty International Airport when it hit a light pole on the New Jersey Turnpike on Sunday, May 3, 2026, as confirmed by FAA.

The airline has initiated an investigation into the incident.

The preliminary investigation reveals the plane’s landing gear and underside struck a pole and a tractor-trailer, pushing the pole into a moving jeep on the roadway, per Fox Business.

On the other hand, the National Transportation Safety Board (NTSB) has also launched a probe.

The NTSB issued a statement stating, “The agency has directed United Airlines to secure and provide both the cockpit voice recorder and flight data recorder to support the investigation, with the preliminary report expected within 30 days.”

The incident surfaced just days after a United pilot reported a possible drone encounter while making a landing approach at San Diego International Airport, per the air traffic audio.





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