There are several grounds for thinking that the International Energy Agency (IEA) would be quicker to release stocks in response to a further surge in oil prices if due to tensions with Iran than it was last year following the loss of supply from Libya. The impact would probably be greater too, perhaps as much as $10 per barrel. Another IEA move is not necessarily imminent, but it is another reason why the current spike in prices may be short-lived.
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