Oil from the strategic reserves of the International Energy Agency (IEA) will soon begin flowing into global markets after the agency’s member states decided to release a total of 411.9 million barrels — a record amount — from their emergency stockpiles.

According to the IEA, governments of member countries have pledged to release 271.7 million barrels from state reserves, 116.6 million barrels from industry’s mandatory stocks, and 23.6 million barrels from other sources.

The agency also said that 72% of the planned release consists of crude oil, while the remaining 28% is made up of refined petroleum products.

Supplies from countries in Asia and Oceania will be available immediately, while stocks from Europe and the Americas are expected to reach the market at the end of March.

Last week, the 32 member countries of the International Energy Agency, including the United States, agreed to the release in an effort to ease the economic impact of the war in the Middle East.