Crude prices are higher after IEA announces historic oil reserve release https://www.cnbc.com/2026/03/11/oil-price-today-crude-wti-us-iran-war-strait-hormuz-iea.html Posted by Illustrious_Lie_954
Force_Hammer on March 11, 2026 5:25 pm Makes sense, because unless the Strait of Hormuz is reopened, this is a temporary band aid solution at best.
No_Newspaper8 on March 11, 2026 5:26 pm Reserves only last about a week. Israel keeps bombing oil infrastructure. It’s not going away anything soon. He’s broken world trade.
Material_Policy6327 on March 11, 2026 5:29 pm How many times can they realistically do this is the conflict just gets extended out. Like I don’t think very many
Pikachu_0019 on March 11, 2026 5:33 pm Market logic: Bad news → oil up Good news → oil up Neutral news → believe it or not, oil up.
4 Comments
Makes sense, because unless the Strait of Hormuz is reopened, this is a temporary band aid solution at best.
Reserves only last about a week. Israel keeps bombing oil infrastructure. It’s not going away anything soon. He’s broken world trade.
How many times can they realistically do this is the conflict just gets extended out. Like I don’t think very many
Market logic:
Bad news → oil up
Good news → oil up
Neutral news → believe it or not, oil up.