India says it supports IEA's release of 400 million barrels of oil
ReutersMar 11, 2026 3:38 PM
March 11 (Reuters) - The Indian government on Wednesday said that it welcomes the decision from the International Energy Agency to release emergency oil stocks amid the prevailing supply disruptions.
The IEA agreed to release 400 million barrels of oil, the largest such move in its history, to try to rein in crude prices which have soared due to supply shocks from the U.S.-Israeli war with Iran.
"India stands ready to take appropriate measures, as necessary, to support global market stability in alignment with the efforts of the International Energy Agency," India's ministry of petroleum & natural gas said in a statement.
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