IEA Executive Director Birol says "we discussed all the available options, including making IEA emergency oil stocks available to the market"

The comments from IEA Executive Director Birol signal heightened concerns regarding oil supply interruptions due to geopolitical tensions, specifically referencing transit issues through the Strait of Hormuz.

Newsquawk StaffPublished 9 Mar 2026, 14:48 UTCOn the live feed at 14:28 UTC — 4 more headlines followed before this page went public

Newsquawk headlinesUTC

14:43

Iran's Supreme National Security Council Larijani says "it is unlikely that any security will be achieved in the Strait of Hormuz amid the fires of the war ignited by the US and Israel in the region"

14:38

Brazil's outgoing Finance Minister Haddad is to run for Sao Paulo governor , O Globo reports

14:28

IEA Executive Director Birol says "we discussed all the available options, including making IEA emergency oil stocks available to the market"

14:20

G7 Finance Ministers are reportedly to release a joint statement which notes that countries “stand ready to take necessary measures, including to support global supply of energy such as stockpile release", according to the FT citing sources

14:17

US President Trump says "Australia is making a terrible humanitarian mistake by allowing the Iran National Woman’s Soccer team to be forced back to Iran, where they will most likely be killed. Don’t do it, Mr. Prime Minister, give ASYLUM."

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"In addition to the challenges of transit through the Strait of Hormuz, a substantial amount of oil production has been curtailed. This is creating significant and growing risks for the market".
"I am also in close contact about the situation with energy ministers from countries around the world, including recent calls with Saudi Arabia, Brazil, India, Azerbaijan and Singapore".

Context

The discussion about potentially releasing emergency oil stocks suggests a proactive approach to stabilize markets, indicating that significant price movements could be anticipated, especially in WTI and related commodities, as these developments unfold.

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