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🚨 THIS IS MASSIVE
The IEA has just announced the release of 400 million barrels of oil from emergency reserves.
For context: During the 2022 Ukraine crisis, the world saw the largest oil release ever.
This time, the release is more than DOUBLE that record.
The reason?
A near-total blockade of the Strait of Hormuz, the chokepoint that carries nearly 20% of the world’s oil supply.
Energy markets may be heading into one of the biggest shocks in decades.