International Energy Agency chief Fatih Birol says more strategic oil stocks could be released if necessary to limit the fallout of the virtual blockage of supplies through the Strait of Hormuz owing to the war with Iran, according to AFP.
“In terms of government stocks and industry stocks held under government obligation, if you combine them, there will still be over 1.4 billion barrels remaining, which means we can do more later as and if needed,” Birol has said in a video statement.
