West May Counter Iran by Tapping Stocks

摘要

In the event of a military showdown between the West and Iran, consuming countries are prepared to make an extended release of strategic stockpiles to keep oil prices from skyrocketing and hurting the already fragile global economy. The maximum drawdown for International Energy Agency (IEA) member countries would be 14.4 million barrels per day, with 10.4 million b/d of that being crude.