Governments around the world are desperate to bring down oil prices in the wake of a cutoff of about one-fifth of the world’s supply due to the Iran war. Here are some of the moves we’ve seen so far: The International Energy Agency, a consortium of 32 countries that coordinate energy policy and emergency readiness, called an emergency meeting to discuss the release of strategic petroleum reserves to ease prices. The countries agreed to a release of 400 million barrels from reserves held in underground caverns and above ground in storage tanks,…
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