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#IEAReleases400MBarrelsFromOilReserves 🤔 Can 400 million barrels of oil really tame the market?
The IEA just announced its biggest reserve release in history—40 crore barrels from 32 countries, including Japan, South Korea, Germany, and the UK.
But here's the catch:
The Strait of Hormuz—through which 20% of global oil passes—is virtually closed. Around 15-20 million barrels per day are trapped.
That means this massive release covers only about 3-4 days of global supply.
Analysts are already calling it a "water pistol, not a bazooka."
Will this actually lower prices at the pump, or is it just a temporary fix?
👇 Drop your thoughts below.
\#IEAReleases400MBarrelsFromOilReserves #OilPrices #GlobalEconomy