IEA says it stands ready to tap emergency oil stocks, OPEC sees no need
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 13 2025
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Should l Buy ?
Source: Reuters
IEA's Response to Market Concerns: The International Energy Agency (IEA) is prepared to release oil stocks in response to potential market shortages following Israel's attacks on Iran, despite criticism from OPEC which argues this creates unnecessary market fear.
Impact of Israeli Attacks on Oil Prices: Following the Israeli strikes on Iranian military targets, oil prices surged by 7%, marking the largest daily increase since the onset of the Ukraine conflict, with concerns about possible escalations affecting energy infrastructure in the region.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
