The ruling Democratic Party Korea (DPK) and the government agreed to draw up and submit this year's first supplementary budget bill to the National Assembly by the end of this month to help ease livelihood concerns that stem from the ongoing war in the Middle East, officials said Monday. The DPK and the government also agreed to gradually release 22.46 million barrels of oil from its strategic reserves over the next three months amid soaring global oil prices triggered by the Middle East conflict. The decision was made during a task force meeting attended by officials from the finance ministry, the Financial Services Commission and other agencies to discuss measures to stabilize energy supply and oil prices, Rep. Ahn Do-geol said in a press briefing. The planned release comes in line with an agreement among the 32 member countries of the International Energy Agency to make 400 million barrels of oil from their reserves available to the market. The contribution of each country in the collective endeavor was calculated in proportion to its share of the member countries' total oil consumpti