International Energy Agency: will release crude oil reserves in the event of supply disruptions

Maria van der Hoeven, director general of the International Energy Agency (IEA), said on the 16th that if the supply of crude oil is severely disrupted, such as the closure of the Strait of Hormuz, the IEA will release it. The crude oil reserves of its member states.

Van der Huven attended the 5th World Future Energy Summit in Abu Dhabi and told the media that "the IEA member states have reserves and they can be used, but only in the case of very, very serious supply disruptions. ."

The crude oil market has been tense and nervous because the relations between Iran and Western countries have reached a level of swordsmanship. In response to the continuous pressure imposed by Western countries on their nuclear programs, the Iranian authorities responded with a strong response to the strategic oil pipeline of the Holocene Strait. If Iran is in the strait, the United States and other countries are expected to conduct military intervention.

Van Der Hofen said that any country considering embargoing Iranian crude oil must take into account the consequences of such actions.

Van Der Hofen said, "The country that is deciding what action to take must consider what will happen."

Premier Wen Wenxuan of the Chinese government proposed earlier that in order to stabilize the oil and natural gas market, it may consider that under the framework of the Group of Twenty (G20), based on the principle of mutual benefit and win-win, an energy supplier, consumer country, and transit should be established. Country's global energy market governance mechanism.

Van Der Hoeven said that the IEA will provide a "building block," which is crucial for non-IEA countries such as China, India, Chile, Mexico, and Brazil to have the right to speak in these events.