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Strategic oil stocks to be released ‘immediately’ in Asia and Oceania: IEA

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Strategic oil stocks to be released ‘immediately’ in Asia and Oceania: IEA


A drone view of a pump jack and drilling rig. — AFP/File
  • America and Europe begin reserve releases starting end of March.
  • IEA releases 271.7 million barrels to cushion oil price surge.
  • Agency urges insurance, protection to restore Hormuz shipping.

Strategic oil reserves will be released “immediately” in Asia and Oceania, and as early as the end of March in America and Europe, the International Energy Agency said on Sunday.

IEA members agreed on March 11 to tap oil stockpiles to cushion the surge in prices caused by the war in the Middle East, in by far the largest-ever response of its kind.

“Individual implementation plans have been submitted to the IEA by Member countries. These plans indicate that stocks will be made available by IEA Member countries in Asia Oceania immediately,” said the IEA.

“Stocks from IEA Member countries in the Americas and Europe will be made available starting from the end of March,” it added.

The IEA said a total of 271.7 million barrels of government-managed stocks would be released worldwide.

“The war in the Middle East is creating the largest supply disruption in the history of the global oil market,” it said.

It is called the emergency stockpile release — the sixth in the history of the global energy body, and the first since Russia invaded Ukraine in 2022 — a “significant and welcome buffer”.

The announced releases have not had a significant impact on the price of oil, which hovers around $100 a barrel, the highest since 2022 and up from below $70 before the start of the war.

The IEA added that “the most important factor in ensuring a return to stable flows is the resumption of regular transit of shipping through the Strait of Hormuz.”

Iran has effectively blocked the strategic strait since the war started on February 28 with US-Israeli air strikes on Iranian targets.

“Adequate insurance mechanisms and physical protection for shipping are key to the resumption of flows,” the IEA said.





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Andrew, Fergie may reunite in Portugal after King Charles nod

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Andrew, Fergie may reunite in Portugal after King Charles nod


King Charles III’s wise move proves he will never ditch his late mother Queen Elizabeth’s legacy as he makes secret efforts to keep the family united.

The 77-year-old’s nod to his niece Princess Eugenie has raised hopes for Andrew and Fergi’es reunion as speculation about the former Duke and Duchess of York’s future move has escalated, attracting massive media attention.

The much-needed relief for the York family comes at a time when Andrew and Ferguson’s controversies have loomed large over their lives.

A royal expert claims Andrew will not really settle in Sandringham, and Sarah is obviously looking for an escape route after her latest hiding place was discovered.

“I have a suspicion both might end up in Portugal to be close to their grandchildren and lead a simpler, quieter life,” royal broadcaster Ian Pelham Turner claimed to Fox News Digital.

However, attention has returned to the Yorks after King Charles’ nod to his niece Eugenie as the Palace took the step to embrace the York family and celebrate their joyful moments publicly.

The new arival may releses stress from Beatrice and Eugenie’s disgraced parents, who have been in forced exile since the King stripped them of their royal tiles and patronages..





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Lauren Sánchez Bezos trains with NYC firefighters ahead of Met Gala 2026

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Lauren Sánchez Bezos trains with NYC firefighters ahead of Met Gala 2026


Lauren Sánchez Bezos took her Met Gala preparation to an unexpected place: the New York Fire Department.

Days before stepping onto the red carpet May 4, the 56 year old journalist and philanthropist joined FDNY for a full training routine, complete with gear drills, smoke filled obstacle courses, and life saving techniques.

“It’s probably the most unique Met prep ever,” Sánchez told Vogue. “It was bananas, but I loved it. I probably lost about two pounds doing it.”

The honourary co chair of this year’s gala shared footage of the workout on Instagram, noting the session benefited the Leary Firefighters Foundation and FDNY Foundation.

“They do not mess around,” she wrote, adding that the experience gave her “a very small glimpse into the strength, discipline, and courage firefighters bring to their work.”

Her training coincided with International Firefighters’ Day on May 4, a detail Sánchez highlighted in her tribute: “Thank you to firefighters everywhere for your service.”

On the Met steps, Sánchez channeled John Singer Sargent’s 1883 painting Madame X in a midnight blue Schiaparelli gown by Daniel Roseberry.

The corseted look featured a jeweled strap draped over one shoulder, paired with Lorraine Schwartz earrings.

Inside the gala, she was joined by husband Jeff Bezos, who kept his look classic in a black tuxedo and bowtie.





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Body of abducted Islamabad youth recovered from Mardan; key suspect held

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Body of abducted Islamabad youth recovered from Mardan; key suspect held


Farrukh Afzal, the victim in Islamabad kidnapping case. — Geo News 
  • Victim abducted at gunpoint outside Islamabad residence.
  • Main suspect, female accomplice arrested from Swat.
  • Police recover the vehicle used in kidnapping incident.

ISLAMABAD: The body of a young man abducted from Islamabad’s F-6 area has been recovered from Mardan, police said on Tuesday, adding that the victim appeared to have been subjected to torture.

According to police, the body was shifted to Pakistan Institute of Medical Sciences (PIMS), where a post-mortem examination is scheduled to be conducted.

The deceased was identified by his family as 30-year-old Farrukh Afzal. His family claimed that he was abducted in front of his father, adding that the kidnappers opened fire when they attempted to resist.

Speaking to Geo News, a relative of the victim said that when Afzal arrived home late at night at around 12:04am and was getting out of his car, right at that time, three people tried to kidnap him.

“A neighbour called [police], and his parents came out of their house after hearing his screams, but the armed kidnappers took him away,” he said, claiming that the boy could have been saved if the police had taken action at the time and placed blockades.

“However, no action was taken, which is why such an incident took place in the safe city of Islamabad, especially in a place like F-6/1, which is near the Red Zone,” he said, raising the question of how armed people can abduct a boy in Islamabad and kill him in Mardan.

Meanwhile, the police said, the abduction took place when the victim was returning home and opening the gate of his house in Islamabad’s F-6/1 area, where four armed men forcibly took him away in a vehicle after firing shots.

A first information report (FIR) was registered at Kohsar police station on the complaint of the victim’s father.

According to the FIR, the complainant rushed outside after hearing noise around midnight and saw four to five unidentified individuals abducting his son. When he and his neighbours tried to intervene, the suspects opened fire and fled with the victim.

Police said that the main suspect, along with a woman accomplice, was arrested in Swat, while the vehicle used in the kidnapping has also been recovered.

Authorities said investigations are ongoing from multiple angles, and efforts are underway to trace other suspects involved in the incident.





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