Breaking news! IEA member countries will release 400 million barrels of emergency oil reserves, the largest scale in history. International oil prices are highly volatile, and Trump states that military operations are "coming to an end."

On March 11, 32 member countries of the International Energy Agency (IEA) unanimously agreed to release 400 million barrels of oil from their emergency reserves to address disruptions in the oil market caused by conflicts in the Middle East. IEA members hold over 1.2 billion barrels of emergency stockpiles, with an additional 600 million barrels of industrial reserves held by governments.

Coordinated release of reserves is the sixth in IEA history, which was established in 1974. Previous collective actions occurred in 1991, 2005, 2011, and twice in 2022.

Earlier, Japan officially announced the release of national oil reserves, with measures expected to begin as early as March 16. German government officials also confirmed that Germany will release part of its national oil reserves, though specific timing has not been disclosed.

International oil prices experienced a sharp shock. U.S. crude oil initially surged over 6% but then retreated, turning green and currently rising over 3%. Brent crude oil followed a similar pattern. Domestic crude oil futures main contracts also fell from a gain of over 7% during night trading to around 4%.

Regarding US-Iran conflict news, U.S. President Trump stated on March 11 (local time) that there are “almost no targets left to strike” within Iran, and U.S. military actions against Iran are “about to end.”

The three major U.S. stock indices opened with mixed results: the Nasdaq rose 0.3%, the Dow fell 0.16%, and the S&P 500 increased 0.13%. After opening, the Dow’s decline widened.

In individual stocks, Oracle surged over 11% after raising its next fiscal year’s guidance; gold stocks declined, with Harmoni Gold dropping over 10%; cryptocurrency-related stocks rose, with Coinbase up over 2%, Strategy up over 2%, and Circle up over 3%.