The International Energy Agency is releasing 400 million barrels of emergency oil reserves to counteract market disruptions caused by the war involving the USA, Israel, and Iran.The closure of the Strait of Hormuz has reduced global energy supply by up to 25 percent, sending oil prices toward 100 dollars per barrel with warnings of higher spikes.Nations including Canada, Germany, and Austria are coordinating the response to prevent economic volatility while stressing that long-term stability requires the reopening of shipping lanes.Officials from the agency continue to monitor the volatility as military threats against commercial vessels persist in the Persian Gulf.