Japan PM asks IEA to prepare additional 'coordinated release' of oil

Fatih Birol's comments in Tokyo came after Japanese Prime Minister Sanae Takaichi asked the agency "to prepare to implement an additional release in case the situation drags on" with the war in the Middle East. The IEA said earlier this month that member countries would unlock 400 million barrels of oil from their reserves to ease the impact of the Middle East war, the biggest such release ever. But Birol said that there was "still a significant amount of oil in our stocks". "Eighty percent of our stocks are still with us.