Countries belonging to the International Energy Agency have agreed to release a record amount of crude oil. The decision aims to stabilize global oil markets and slow rising fuel prices.

The group approved the release of 400 million barrels of oil. This move marks the largest emergency stock release in history.

Officials say the action responds to supply disruptions linked to tensions in the Middle East.

Supply Disruptions Drive Decision

Fatih Birol announced the plan during a live broadcast.

He said member countries will make the oil available to the market.

The goal is to replace supplies lost due to the closure of the Strait of Hormuz.

This narrow waterway normally carries about one-fifth of the world’s daily oil supply.

However, safety concerns have forced many tankers to avoid the route.

As a result, large volumes of oil cannot reach global markets.

Oil Flow Disruptions Continue

According to Birol, around 15 million barrels of crude oil remain blocked each day.

Another 5 million barrels of refined products also face delays.

Therefore, the 400 million barrel release could last only about 26 days.

Analysts warn the measure may not fully replace the missing supply.

Amrita Sen said the release may leave few options to control prices if disruptions continue.

Markets React to Announcement

Despite the announcement, oil prices remain high.

Brent crude rose about four percent to roughly $91 per barrel.

Meanwhile, West Texas Intermediate climbed to around $87 per barrel.

Experts also question whether the move will significantly reduce gasoline prices.

During a similar release in 2022, fuel prices dropped only modestly.

Tensions in the Strait

Meanwhile, the situation near the Strait of Hormuz remains tense.

Reports say Iran has begun placing naval mines in the waterway.

Security analysts warn that further escalation could tighten control over the route.

Because of this uncertainty, many experts say the reserve release offers only temporary relief.

Oil Markets Remain Volatile

Oil prices have moved sharply in recent days.

Earlier this week, prices climbed above $100 per barrel for the first time in almost four years.

However, markets later dropped after comments from Donald Trump suggested the conflict could end soon.

Meanwhile, Saudi Aramco said it plans to increase shipments through its pipeline to the Red Sea port of Yanbu.

Still, experts say only reduced conflict in the region can stabilize oil markets long term.