Italy plans to release nearly 9 million barrels of oil from its strategic reserves as part of a large coordinated move organized by the International Energy Agency. Altogether, about 400 million barrels will be released by 32 member countries to help control rising oil prices following supply disruptions linked to tensions in the Middle East.

In this coordinated effort, the United States is expected to contribute around 172 million barrels, while Japan will release nearly 80 million barrels. Other participating countries will also add varying amounts depending on their reserve capacity. The aim is to boost supply in the international market and help ease pressure on global fuel prices.

Although the oil will enter the international market to support global supply, each country will decide the timing of its release based on its own energy requirements. The initiative represents a collective response to maintain stability in the global energy market during a period of uncertainty.

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