Brenta's price is stable at $88, pending possible release of oil reserves
According to The Wall Street Journal this Wednesday, the International Energy Agency (IAE) has proposed the largest release of oil reserves in its history to reduce oil prices, which would exceed the 182 million barrels of oil that IAE countries placed in 2022 when Russia invaded Ukraine.
Brent crude prices remain stable this Wednesday after rising 0.33% to $88, waiting to know whether the International Energy Agency (IAE) will release oil reserves in order to reduce prices, in the context of the US-Israel attack on Iran.
According to market data collected by the agencies, at 07:00 local time (06:00 GMT) the brenta, the European reference for crude oil, has risen 0.33% since the day before to $88.07.
According to The Wall Street Journal this Wednesday, the International Energy Agency (IAE) has proposed the largest oil reserve release in its history to lower prices.
This release would exceed the 182 million barrels that IAE countries put on sale in two rounds when Russia invaded Ukraine.
The proposal for the release of barrels was made on Tuesday at an urgent meeting of energy officials from the 32 IAE member countries.
The measure would be adopted if no country obstructs it; a single country's refusal would delay its implementation.
The G7 countries have also expressed their readiness to "act urgently, at the necessary time and with all possible instruments" to stabilize oil prices.
Although the price has risen steadily on Wednesday, yesterday it fell 11.28%, after Donald Trump said the war against Iran was almost "over." However, prices rose dramatically at the beginning of the week and the barrel nearly reached $120, an unprecedented level since the first months of the war in Ukraine at the beginning of 2022.
You might like
Ukraine has launched more than 350 drones into Russia, including Moscow and St. Petersburg
The day before, attacks by the Russian Army on several cities in Ukraine resulted in at least 21 deaths and more than 100 injuries.
Trump signs an executive order restricting undocumented migrants' access to the financial system
According to the Republican president, access to national banking systems "must be only for those who have the legal right to stay in the country," and for those who "engage in legal trade."
Russia has launched a massive attack on Ukraine that has left at least 20 dead and more than a hundred injured
Moscow has described the bombing as a "response to the Kiev regime's terrorist attacks."
Trump lashes out at Netanyahu for his attacks on Lebanon: "You're crazy."
According to the US president, an agreement could be reached next week to end the war in Iran and open the Strait of Hormuz. On the contrary, Tehran has announced the suspension of talks with Washington .
Trump Announces Cessation of Israeli Attacks on Lebanon and Hezbollah on Israel
"I have had a very fruitful call with Israeli Prime Minister Netanyahu, no troops are going to Beirut, and those on the way are back," Trump explained in a social media message.
Iran insists that Lebanon enters into a ceasefire agreement and warns that Israeli attacks will have consequences
Despite the ceasefire, Israel's Prime Minister Binyamin Netanyahu has in recent hours ordered the army to bomb the Beirut region of Hezbollah as its stronghold.
One dead, dozens wounded, nearly 900 arrested and 178 officers beaten in the riots following the PSG victory
The Minister of the Interior has explained that 45% more arrests were made than last year, when a large police apparatus was deployed across the country in anticipation of riots. French President Emmanuel Macron said he was "fed up with unacceptable scenes of violence."
Colombia's far-right wins the first round, and the left questions the computing system
The far-right Abelardo de la Espirella has advanced left on Sunday in the first round of the Colombian elections, which will take place on June 21 and will face the left-wing candidate Ivan Cepeda.
A man recently returned from Congo has been isolated in Sardinia, Italy, on suspicion of Ebola
The man returned from the capital of the Democratic Republic of the Congo on a flight that landed in Rome yesterday, Saturday, and then took another flight to Sardinia, where he reported that he had been in a fever for several days.
France calls for an urgent meeting of the UN Security Council for Israeli operations in Lebanon
In mid-April, Israel established a "yellow line" (such as the one it applies in Gaza) that runs about ten kilometres from the border between the two countries, and the perimeter between them was invaded by Israeli troops.