- Title: REFILE: Spain supports IEA oil release from strategic reserves
- Date: 11th March 2026
- Summary: ROME, ITALY (MARCH 9, 2026) (REUTERS) VIEW OF CENTRAL NAVE OF BASILICA OF SAN PIETRO IN VINCOLI RESTORER AT WORK SCAFFOLDING STRUCTURES FOR RESTORATION OF LEFT AISLE RESTORER WORKING ON SCAFFOLDING VARIOUS OF TOURISTS IN FRONT OF MICHELANGELO'S MOSES STATUE DETAIL OF POPE JULIUS II FUNERARY MONUMENT DETAIL OF MOSES STATUE TOURISTS PHOTOGRAPHING MOSES STATUE VARIOUS OF REST
- Embargoed:
- Keywords: CRISIS IEA Iran Repsol Spain United States oil war
- Location: TARRAGONA AND MADRID, SPAIN
- City: TARRAGONA AND MADRID, SPAIN
- Country: Spain
- Topics: Conflicts/War/Peace,Europe
- Reuters ID: LVA001296311032026RP1
- Aspect Ratio: 16:9
- Story Text:Spain supports the International Energy Agency's proposal to undertake the largest release of oil reserves in its history to mitigate soaring crude prices caused by the U.S.-Israel war with Iran, Spanish Energy Minister Sara Aagesen said on Wednesday (March 11).
The proposal is the largest in IEA history, more than double the level proposed during Ukraine war, Aagesen said.
Spain is a founding member of the IEA.
The International Energy Agency (IEA) is to recommend the release of 400 million barrels of oil, the largest such move in IEA history, three sources said on Wednesday, to try to restrain soaring crude prices amid the U.S.-Israeli war with Iran.
One of the sources said the release would be spaced over at least two months, while Spain's energy minister said countries would have up to 90 days to release that volume.
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