India Backs International Energy Agency Plan to Release Emergency Oil Stocks

Brief by Shorts91 Newsdesk / 04:01am on 12 Mar 2026,Thursday India Global

India has welcomed the decision by the International Energy Agency (IEA) to release emergency oil reserves to stabilise global markets amid supply disruptions linked to the escalating Middle East conflict. The government said it is closely monitoring developments in global energy markets and remains prepared to take necessary measures if required. As an associate member of the IEA, India emphasised its commitment to global energy cooperation and supporting efforts to maintain stability in international oil supplies. (PC: X)

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