New Delhi, March 15 -- Plans for the largest oil reserves distribution in history, announced by the International Energy Agency this week, are expected to be a limited solution if the Strait of Hormuz remains closed, according to S&P Global Energy.

The International Energy Agency (IEA) on Wednesday announced the largest-ever release of emergency oil stocks in its history, making 400 million barrels of oil available to global markets to mitigate disruptions caused in the global energy supply by the ongoing West Asia conflict.

S&P Global Energy asserted that the plan to release oil from reserves will help the market adjust to the current imbalance. However, it remains to be seen how the release will support the markets that need it most, ...