DropThe Article

Originally published on DropThe.org . Photo by Ian on Unsplash 400M bbl Largest Reserve Release in History 27 days Australia Reserves After Release 124 days Japan Reserves After Release On March 11, all 32 IEA member nations agreed to release 400 million barrels of oil from strategic reserves. It is the largest coordinated draw in the IEA’s 50-year history — more than double the 2022 response to Russia ‘s invasion of Ukraine , and nearly seven times the amount released during the 2011 Libya crisis. The reason: Iran ‘s blockade of the Strait of Hormuz removed roughly 16 million barrels per day from global transit. Only 7 vessels are transiting daily compared to a normal 100+. Oil at $119 was the trigger. The reserve release was the emergency brake. But emergency brakes wear down. We calculated how many days of supply each participating country has left after giving up its share, and the numbers explain why this response can only happen once. The DropThe Reserve Runway Index 2026 For eac