But traders on the paper market appear to believe that the record-high emergency stocks release and the U.S. Administration’s scrambling to calm the markets with comments that the war will end soon would ease the upward pressure on oil prices. Hours after announcing the biggest-ever coordinated emergency release of oil stocks, of 400 million barrels, from reserves, the International Energy Agency warned that the Middle East war is creating the biggest supply disruption in the history of the oil market. The conflict doesn’t look to be ending soon, despite the Trump Administration’s efforts to convince the market of the contrary and play down the spike in oil and gasoline prices.
Author: Tsvetana Paraskova
Published at: 2026-03-14 23:00:00
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