DUBAI — The International Energy Agency on Wednesday announced that it would carry out its largest-ever release of oil reserves — 400 million barrels — in a bid to control spiking energy prices caused by the United States-Israel war against Iran, which shows no signs of slowing as it ends its 12th day.
The plan, aimed at stabilizing oil prices that have soared since the United States and Israel attacked Iran on Feb. 28, came as Iranian leaders declared they were widening their assault on countries in the Persian Gulf, aiming to raise the economic price of the U.S.-Israeli military campaign to oust the government in Tehran.
