IEA's emergency stock release will consist of 70% crude oil.

The IEA's emergency stock release of 412 million barrels will consist of over 70% crude oil, with Asian members providing their share immediately, as stated by the Paris-based organization.

On March 11, IEA member countries approved their largest emergency stock release in response to the effective closure of the Strait of Hormuz, which typically sees around 17 million barrels per day of crude and products.

According to the IEA, the total release will be 412 million barrels, comprising 295 million barrels of crude and 117 million barrels of refined products.

However, the IEA did not specify the discharge rates, making it uncertain how quickly the oil will be extracted from the reserves.

Members from Asia and Oceania, including Japan, South Korea, Australia, and New Zealand, will immediately provide their share of 65 million barrels of crude and 43 million barrels of products.

Asia is the region most impacted by the supply disruptions, as it receives the majority of Mideast Gulf supplies.

The majority of the release, primarily from members in the Americas and Europe, is expected to enter the market by the end of March, according to the IEA.

The Americas' contribution will total 196 million barrels, all of which is crude oil, with 172 million barrels coming from the US Strategic Petroleum Reserve.

European members will contribute a total of 108 million barrels, consisting of 34 million barrels of crude and 73 million barrels of products.