{"id":434159,"date":"2026-05-19T00:09:08","date_gmt":"2026-05-19T00:09:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/434159\/"},"modified":"2026-05-19T00:09:08","modified_gmt":"2026-05-19T00:09:08","slug":"iran-war-oil-stocks-declining-very-fast-international-energy-agency-chief-warns","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/434159\/","title":{"rendered":"Iran war: Oil stocks declining \u2018very fast\u2019, International Energy Agency chief warns"},"content":{"rendered":"<p class=\"mplxTcLUMibHPxLgQP\" style=\"display:none\">Iran has effectively halted tanker traffic through the Strait of Hormuz in retaliation for US and Israeli strikes launched in late February, choking off oil and gas traffic and sending prices soaring.<\/p>\n<p class=\"mplxTcLUMibHPxLgQP\" style=\"display:none\">The International Energy Agency (IEA) said this month that countries are tapping into oil inventories and their strategic reserves at a \u201crecord pace\u201d as talks to end the war founder.<\/p>\n<p class=\"mplxTcLUMibHPxLgQP\" style=\"display:none\">US President Donald Trump threatened on Sunday (local time) that \u201cthe clock is ticking\u201d and \u201cthere won\u2019t be anything left\u201d of Iran if no peace deal is reached, amid a fragile truce.<\/p>\n<p class=\"mplxTcLUMibHPxLgQP\" style=\"display:none\">The IEA has co-ordinated the release of 426 million barrels from emergency stocks by its 32 member countries and said this month that around 164 million barrels have already been drawn.<\/p>\n<p class=\"mplxTcLUMibHPxLgQP\" style=\"display:none\">\u2013 AFP<\/p>\n","protected":false},"excerpt":{"rendered":"Iran has effectively halted tanker traffic through the Strait of Hormuz in retaliation for US and Israeli strikes&hellip;\n","protected":false},"author":2,"featured_media":432677,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[3041,138,3937,3088,25204,17752,3806,1667,2550,38403,222,7237,30699,106,1019,16609,10110,111,139,69,4156,2887,13120,25344,3048,643,1521,3769,303,6149,8218,102,28367],"class_list":["post-434159","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-agency","tag-business","tag-chief","tag-commercial","tag-declining","tag-disrupted","tag-east","tag-energy","tag-even","tag-falling","tag-fast","tag-governments","tag-gulf","tag-head","tag-international","tag-iran","tag-middle","tag-new-zealand","tag-newzealand","tag-nz","tag-oil","tag-release","tag-remain","tag-reserves","tag-said","tag-stocks","tag-strategic","tag-supplies","tag-very","tag-war","tag-warns","tag-with","tag-worldwide"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/434159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=434159"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/434159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/432677"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=434159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=434159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=434159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}