IEA Urges Oil Reserves Release
IEA asks members to release 400 million barrels.
Iranian attacks and Gulf conflict raise oil prices, blocking Hormuz Strait.
IEA members hold 1.2 billion barrels of emergency oil reserves.
Brent Crude rises from $68 to $90, fuel prices increase.
Austria limits daily price increases.
Japan plans to release reserves by March 16.
Middle East exports 6% less, below 10% pre-war levels.
1 hour ago