Austria is set to join a coordinated release of oil from strategic reserves, as confirmed by Economy Minister Wolfgang Hattmannsdorfer at a press meeting. This decision follows close consultations with member states of the International Energy Agency.
The move is aimed at supporting global energy supply amid ongoing discussions. Hattmannsdorfer emphasized that Austria intends to support the decision in principle, as part of a wider international effort.
The formal approval for the oil release is anticipated by 1 p.m. GMT, underscoring the urgency and collective action among the member countries to address current energy challenges.