Paris, Oct. 3 -- Around 325 million barrels of oil have so far been released under the International Energy Agency's (IEA) collective action announced in March to address disruptions to global energy supplies amid the West Asia conflict, accounting for more than 80 per cent of the 400 million barrels originally pledged, IEA Executive Director Fatih Birol said.

According to a statement issued by the IEA on Friday, Birol made the remarks during a G7 Leaders' video meeting on energy security and markets, where discussions focused on the continuing pressures in global energy markets, particularly severe constraints in diesel supplies.

At the meeting, Birol underlined that the impact of the Strait of Hormuz crisis on energy markets remains a...