New Delhi, March 15 -- The International Energy Agency (IEA) on Sunday (local time) shared an update regarding the release of emergency oil as the US and Israel's war on Iran rages on. The agency said oil from the agency's emergency reserves will soon start flowing to global markets to address supply disruptions.

Earlier this week, IEA announced that it is releasing 400 million barrels of oil from its emergency stockpile to the global markets in response to the disruptions caused by the conflict in the Middle East.

In a release shared today, it said that member countries have submitted their individual implementation plans to the IEA, adding that these plans indicate that oil stocks will be made available by the member countries in Asia...