Which countries have strategic oil reserves – and how much? Members of the International Energy Agency have agreed to release 400 million barrels of oil from strategic reserves.Share this: IEA agrees release of 400m barrels of oil from strategic reservesDateMarch 11, 2026In relation toAl-JazeeraVenezuela’s reserves have strategic advantages for the USDateDecember 22, 2025In relation toAl-JazeeraWhy the US Strategic Petroleum Reserve matters amid US-Iran tensionsDateJuly 9, 2026In relation toAl-Jazeera