OIL SAGA

Energy agency weighs record oil release as Iran tensions mount

Saudi pipelines that bypass the Strait of Hormuz to reach export terminals on the Red Sea can help keep oil moving if shipping disruptions worsen

Nicolas TUCAT / AFP via Getty Images

International Energy Agency Executive Director Fatih Birol

Governments around the world are scrambling to contain the escalating shock to energy markets from the Iran war, with oil traders tracking disruptions to Gulf exports and tanker traffic as officials weigh emergency measures to stabilize supplies.

Officials...