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IEA releasing 400 million barrels of oil to counter Iran war disruption

Name: IEA releasing 400 million barrels of oil to counter Iran war disruption
Uploaded: 2026-03-11T16:10:00-0400
Duration: 3 min 4 s
Description: The International Energy Agency agreed Wednesday to release 400 million barrels of oil from its strategic reserves to alleviate the shortage caused by the Strait of Hormuz shutdown. CBS News MoneyWatch correspondent Kelly O'Grady has the details.

The International Energy Agency agreed Wednesday to release 400 million barrels of oil from its strategic reserves to alleviate the shortage caused by the Strait of Hormuz shutdown. CBS News MoneyWatch correspondent Kelly O'Grady has the details.