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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%.

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
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Within a few hours, a “180-degree shift”! The United States went from “opposing” to “actively promoting” the largest strategic oil reserve release in history, driven by Trump’s concerns.

Within a few hours, a “180-degree shift”! The United States went from “opposing” to “actively promoting” the largest strategic oil reserve release in history, driven by Trump’s concerns.

Within a matter of hours, the Trump administration completed a stunning policy reversal that left allies dumbfounded—going from opposition to actively promoting an unprecedented International Energy Agency (IEA) agreement among its 32 member nations for the largest-ever emergency oil reserve release—400 million barrels, more than double the previous
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