IEA Could Cover Cutoff of Iran Oil for 4 Years

WASHINGTON (Reuters) – The 26 countries that belong to the International Energy Agency could cover any disruption in Iran’s crude oil exports for more than four years, a U.S. Energy Department official said on Tuesday.

“When you take all of the stocks that all of the countries hold together in the IEA, we have the ability to meet a complete shutoff of Iranian oil for over four years,” Karen Harbert, assistant secretary for policy and international affairs at the Energy Department, said at a hearing before a House Government Reform Committee panel.
Reuters