General · 11 March 2026
Three Ships Hit; 32 Countries Release Emergency Oil
Global oil prices are expected to stabilise after thirty-two nations agreed to deploy emergency reserves. The International Energy Agency approved its largest ever release of 400 million barrels, occurring after vessels were attacked in the Strait of Hormuz. US Central Command advised Iranian civilians to avoid all ports along the Strait where the country's naval forces operate.
Reported by Guardian · How we write briefs