The International Energy Agency on Wednesday agreed to release 400 million barrels of oil to address the supply disruption triggered by the Iran war, the largest such action in the organization's hist
Crude oil has another choppy day on Wednesday, as the market continues to move back and forth with the latest headlines coming out of the Persian Gulf.
On the Big Take podcast, Stacey Vanek Smith and Javier Blas discuss why the global economy is so sensitive to oil price spikes — and how long the impact of even a brief spike can last. -------- More
The move comes as the Iran war continues to choke off traffic through the strategically vital Strait of Hormuz.
Afsaneh Mashayekhi Beschloss, Founder and CEO of RockCreek Group, says war driven energy shocks could raise inflation and volatility, warning disruptions in oil, LNG and fertilizer markets may ripple
Demand is projected to rise by 1.34 million barrels a day next year, slightly below 2026's estimated 1.38 million, supported by a solid global economy.
The IEA is considering releasing oil barrels from reserves with brent over $90, though mixed messages from US officials were met with market volatility. -------- More on Bloomberg Television and Marke
The International Energy Agency is proposing a release of emergency oil reserves that would be the largest in its history, with a decision possible later on Wednesday, according to a person familiar
Jeff Currie, chief strategy officer at Carlyle Energy Pathways, says the Iran war is already impacting the entire global energy supply chain and it will take months to unwind the damage. He warns "kee

Citi bets that the worst of the oil shock is over

09:31am, Wednesday, 11'th Mar 2026
Financial market strategists at Citi think the worst of the oil price shock may be over, and they are putting money to work on that view for the second time in a week. In a note pondering if it was "t
U.S. Interior Secretary Doug Burgum said the International Energy Agency should release oil reserves to address the disruption caused by the Iran war. Burgum's comments come as the IEA has proposed to
OPEC said on Wednesday that Saudi Arabia sharply increased oil ​production in February ahead of ‌U.S. and Israeli strikes on Iran and kept its forecasts for relatively strong global ​oil demand
Oil flows through the Strait of Hormuz have collapsed to just 3% of normal levels, according to Goldman Sachs, as tanker attacks continue to pile up, though futures markets are still pricing in a rel
Kosmos Energy announced a public offering worth over $185 million amid surging energy price linked to the war in Iran.
US futures were pointing to a cautious open on Wall Street, ahead of the release of US inflation data, as escalating attacks on shipping in the Strait of Hormuz keep oil prices elevated and nerves fr
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