IEA closely monitoring situation in Middle East

Kamil Mahmudov
Author

The International Energy Agency (IEA) is actively tracking the impact of the Israel-Iran conflict on oil markets.

Report cites IEA Executive Director Fatih Birol, who said:

"The IEA's oil security system holds over 1.2 billion barrels of strategic reserves for emergencies. We are ready to take action if necessary," Birol said.

Oil prices surged over 7% today, nearing a multi-month high, following Israeli strikes on Iran and subsequent Iranian responses, raising concerns about potential disruptions in oil supply.

Other News

UK to supply 1,000 Martlet missiles to Ukraine 12 February, 2026 / 16:45
Russian drone strike hits emergency services building in Kramatorsk 12 February, 2026 / 15:11
Ukrainian drone strike causes fire at refinery in Russia's Komi region 12 February, 2026 / 14:46
Death toll from ferry sinking in northern Sudan rises to 21 12 February, 2026 / 13:44
Death toll from Cyclone Gezani in Madagascar exceeds 30 12 February, 2026 / 12:59
Britain allocating £500M for Ukraine's air defense 12 February, 2026 / 12:55
3 killed in Russian attack on Ukraine's Kharkiv 12 February, 2026 / 12:05
Turkish FM says US military intervention unlikely to bring regime change in Iran 12 February, 2026 / 11:08
Lufthansa says Thursday pilot strike is needless escalation 12 February, 2026 / 10:46
About 180 military personnel in S. Korea identified as involved in martial law bid 12 February, 2026 / 10:17
Israel joins Board of Peace 12 February, 2026 / 09:29
Trump, Xi expected to extend trade truce at Beijing summit 12 February, 2026 / 08:55
US moving additional forces toward Iran 12 February, 2026 / 08:05
Death toll from Cyclone Gezani reaches 20 in Madagascar 11 February, 2026 / 19:45
Swiss government approves €35 million energy aid package for Ukraine 11 February, 2026 / 17:16
Poland charges teen with preparing attack on a school 11 February, 2026 / 16:42
European Parliament approves €90B Ukraine support loan package 11 February, 2026 / 16:12
European Commission presents action plan to counter drone threats 11 February, 2026 / 15:48
Two killed after civilian airplane shot at on landing in Indonesia's Papua 11 February, 2026 / 14:01
Zelenskyy: Ukraine attacked overnight by 129 attack drones 11 February, 2026 / 13:11