# International Energy Agency

Biggest IEA Oil Release in History Fails to Douse Prices as Hormuz Risk Keeps a Premium on Crude

The IEA coordinated the largest emergency release of oil in its history — 400 million barrels — but Brent and US crude leapt on March 12 as markets remained worried about disruptions via the Strait of Hormuz. The move signals strong international coordination, yet traders are pricing a sustained risk premium because physical chokepoints and on‑the‑ground escalations could still significantly curtail supplies.