The International Energy Agency has approved a measure to accelerate the release of stored oil supplies from strategic reserves, focusing its primary attention on securing diesel supplies as a top priority. This move comes within the framework of the collective
plan enacted in March 2026, as an urgent endeavor by global governments to curb skyrocketing fuel prices and address supply chain disruptions resulting from the repercussions of the conflict with Iran. Data indicated that the crisis in the Middle East
has inflicted severe damage on the refining sector and disrupted the global movement of oil tankers, which drove diesel prices to unprecedented levels in many markets, turning this fuel into a critical political and economic concern globally. The agency, which
advises industrialized countries, pointed out that completing the previously announced withdrawal operations as quickly as possible could pump additional quantities into the market. However, analysts and governments noted that this figure does not necessarily represent a new intervention of that
magnitude, but rather an acceleration of the pumping of quantities that countries had pledged to withdraw under the March initiative and have not yet reached the markets.
