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Global Oil Reserves To Cushion Iran Blockade of Hormuz Strait Amid War

2026-03-13
TaiwanPlus
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The International Energy Agency is planning its biggest ever release of oil reserves to ease Iran's blockade of the Strait of Hormuz amid war in the Middle East. The US says oil prices will come down soon — and the war will have a speedy end. But despite promises like these, the death toll mounts and Iran is finding ways to hit back.

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