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UK Participation in the IEA Coordinated Oil Stock Release
12 March 2026
Type
Written Ministerial Statement
Department
Department for Energy Security and Net Zero
At a Glance
Issue Summary
The UK is participating in a coordinated oil stock release by the IEA to stabilize international fossil fuel markets disrupted by the conflict in the Middle East.
Action Requested
The UK will release 13.5 million barrels of oil, reflecting its share of oil consumption among IEA members, as part of a global effort to release 400 million barrels in total.
Key Facts
- The UK will release 13.5 million barrels of oil.
- IEA Members will release a total of 400 million barrels.
- Traffic in the Strait of Hormuz, through which around 20% of global oil and LNG is shipped, has declined significantly.
- The UK’s energy supplies remain resilient and stable due to a diverse supply.
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Assessment & feedback
Summary accuracy