# oil reserves

Largest Ever IEA Oil Release Fails to Calm Markets as Iran Threatens Strait of Hormuz and Japan Acts Alone

The IEA coordinated release of 400 million barrels — the largest ever — failed to reassure markets after renewed tensions over the Strait of Hormuz. Iran says it will allow some vessels transit but threatens to use the strait as leverage, while Japan has unilaterally released reserves, highlighting acute supply anxieties and limits to reserve deployments.