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IEA proposes record release of oil reserves against soaring prices

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IEA proposes record release of oil reserves against soaring prices

2026-03-11 17:41 Last Updated At:03-12 12:14

The International Energy Agency has proposed a major release of oil from strategic reserves.

The move is intended to lower crude prices amid rising tensions in the Middle East.

The reported release would surpass the combined 182 million barrels that IEA member countries made available in two separate releases in 2022, during the Russia-Ukraine conflict.

The proposal was circulated on Tuesday at an emergency meeting of energy officials from 32 IEA member countries. A decision on the proposal is expected to be made on Wednesday.

IEA proposes record release of oil reserves against soaring prices

IEA proposes record release of oil reserves against soaring prices

IEA proposes record release of oil reserves against soaring prices

IEA proposes record release of oil reserves against soaring prices

The Israeli military deliberately targeted and killed Palestinian children in the Gaza Strip, constituting genocide, a United Nations independent commission of inquiry said in its latest report released on Tuesday.

The report released by the UN Independent International Commission of Inquiry on the Occupied Palestinian Territory, including East Jerusalem, and Israel details the atrocities suffered by Palestinian children since the outbreak of the latest round of Palestinian-Israeli conflict on October 7, 2023, and notes that such acts continued even after the ceasefire in October 2025.

About 30 percent of the Palestinian victims of Israeli military operations in Gaza were children, according to the commission.

"Today, the commission has released a 100-page report documenting violations and crimes committed by Israel against Palestinian children in the occupied Palestinian territory since October 7, 2023 until March 31, 2026," said Srinivasan Muralidhar, chair of the commission.

The commission determined in its report last September that Israel had committed genocide against the Palestinian people in Gaza. The latest report further substantiates that determination.

"There can be no doubt in anyone who reads today's report that every international legal norm has been violated by the actions of the Israeli authorities towards Palestinian children and they need to be held accountable," said Chris Sidoti, commissioner of the commission.

Israel deliberately targets, kills Gaza children, constituting genocide: UN report

Israel deliberately targets, kills Gaza children, constituting genocide: UN report

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