
Richard Arnold: US Correspondent on the conflict in Iran, release of oil barrels to combat spiking prices
From The Mike Hosking Breakfast
Published 3/12/2026

From The Mike Hosking Breakfast
Published 3/12/2026
Members of the International Energy Agency have unanimously agree to release 400 million barrels of oil reserves to help combat steep oil prices arising from the conflict in the Middle East. It equates to about four-days' worth and is the largest ever release of reserves in the agency's…