Spain supports IEA oil release from strategic reserves, minister says
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Published on March 11, 2026.
Spain's Energy and Environment Minister, Sara Aagesen, supports the International Energy Agency's proposal to release the largest amount of oil reserves in its history to mitigate rising crude prices caused by the U.S.-Israel war with Iran. The proposal is the largest in IEA history and is more than double the level proposed during the Ukraine war.
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