IEA’s release plan failed to suppress oil prices; Asia-Pacific stock markets mostly fell, Dow futures dropped 0.9%, and oil prices rose over 6%.
Affected by the continued escalation of conflicts in the Middle East and significant oil price fluctuations, Asia-Pacific stock markets generally fell on Thursday. Although the International Energy Agency (IEA) announced it would release the largest crude oil reserves in history, it failed to effectively ease market concerns about energy supply