🇮🇷🇴🇲 The IEA is rushing out even more emergency oil, starting with diesel.
Its member countries have already released 330 million barrels since March to make up for the Strait of Hormuz crisis.
Another 100 million barrels are still on the way, pushing the total past the original 400 million target.
Next up is more than 20 million barrels of diesel, as soon as possible, since that’s where the shortage is worst.
For scale, that’s more than double what the IEA released in 2022 after Russia invaded Ukraine.
Earlier this month, just 7 tankers were tracked through Hormuz in a single day. So the real question is what happens when the reserves run low and the strait still isn’t open.
Source: IEA / Writer: Daniyal
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Unbeatable Mindset @Unbeatableuniy ·
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@MarioNawfal 400 million barrels and still counting. This shows just how serious the global energy crisis has become. 🌍




































































