More Emergency Oil Reserves Available If Needed, IEA Says

IEA Executive Director Fatih Birol said the agency still had emergency stockpiles of more than 1.4 billion barrels.
More Emergency Oil Reserves Available If Needed, IEA Says
International Energy Agency (IEA) Executive Director Fatih Birol in Brussels on March 6, 2026. Nicolas Tucat/AFP via Getty Images
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The International Energy Agency (IEA) said on March 16 that it has more emergency oil reserves available if needed, as the war between Iran and the United States and Israel continues.

IEA Executive Director Fatih Birol said at a press conference at the organization’s headqurters in Paris that the combined quantity of emergency reserves, after the release of around 400 million barrels initiated on March 11, is more than 1.4 billion barrels.

Guy Birchall
Guy Birchall
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Guy Birchall is a UK-based journalist covering a wide range of national stories with a particular interest in freedom of expression and social issues.