A man walks amid rubble in the aftermath of a strike, amid the U.S.-Israeli conflict with Iran, in Tehran, Iran, March 12, 2026. (Credit: Majid Asgaripour/WANA)
The European Union does not see any immediate concerns regarding the security of its oil supplies as a result of the Iran war, an EU Commission spokesperson said on Thursday.
The EU's top oil suppliers are Norway and the United States. The spokesperson added that EU countries would notify the International Energy Agency (IEA) of their planned oil reserve releases by 1700 GMT on Thursday.
The IEA had on Wednesday agreed to release a record 400 million barrels of oil from strategic stockpiles to combat a spike in global crude prices since the start of the U.S.-Israeli war with Iran, with the U.S. contributing the bulk of the supply.
The European Union does not see any immediate concerns regarding the security of its oil supplies as a result of the Iran war, an EU Commission spokesperson said on Thursday.
The EU's top oil suppliers are Norway and the United States. The spokesperson added that EU countries would notify the International Energy Agency (IEA) of their planned oil reserve releases by 1700 GMT on Thursday.
The IEA had on Wednesday agreed to release a record 400 million barrels of oil from strategic stockpiles to combat a spike in global crude prices since the start of the U.S.-Israeli war with Iran, with the U.S. contributing the bulk of the supply.
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