EU’s Dombrovskis Says Release of Oil Reserves Would Be Warranted

EU Economy Commissioner Valdis Dombrovskis said the war in Iran has disrupted energy markets and would justify releasing strategic oil reserves. A release, if carried out, would likely ease upward pressure on oil prices and materially affect the energy and commodities sectors, though no timing or volumes were provided.

Analysis

EU Economy Commissioner Valdis Dombrovskis said the war in Iran has disrupted energy markets and would justify releasing strategic oil reserves. A release, if carried out, would likely ease upward pressure on oil prices and materially affect the energy and commodities sectors, though no timing or volumes were provided.