The International Energy Agency (IEA) has proposed its largest ever release of oil reserves to counter soaring crude prices driven by the US-Israeli war with Iran, AFP reports citing the Wall Street Journal, which cited officials familiar with the matter.

The release would exceed the 182 million barrels IEA member countries put on the market in 2022 following Russia’s invasion of Ukraine, the paper said.

Opinion

Editorial

External woes
Updated 21 May, 2026

External woes

Relying indefinitely on remittances to offset structural economic weaknesses is not sustainable.
Political activity
21 May, 2026

Political activity

THE opposition is astir. There is talk of widespread protests this Friday over a list of dissatisfactions with the...
Seizing hope
21 May, 2026

Seizing hope

ISRAEL’S tyranny knows no bounds. After intercepting the Global Sumud Flotilla that set sail last week, disturbing...
Hormuz gamble
20 May, 2026

Hormuz gamble

The Strait of Hormuz has become the real centre of the confrontation.
The unkindest cut
20 May, 2026

The unkindest cut

SUICIDE, a complex symptom of deep despair triggered by mental health problems, is hardly a moral issue. Punitive...
Ad hoc culture
20 May, 2026

Ad hoc culture

THE Supreme Court’s ruling against prolonged ad hoc and acting appointments is an indictment of a deeply ...