The biggest release of emergency oil stockpiles in history was announced. Why crude may keep rising

• Oil prices have surged more than 17% since the International Energy Agency announced the largest release of crude stockpiles in its 50-year history.
• Brent oil prices, the global benchmark, closed above $100 per barrel for the second session in a row on Friday.
• The emergency stockpiles will take time to roll out, and the quantities will fall far short of the supply gap left by the Strait of Hormuz.

The oil market sent a clear signal this week that a massive release of stockpiled crude by the U.S. and its allies is nowhere near enough to address the unprecedented supply disruption triggered by the Iran war.

Source: https://www.cnbc.com/2026/03/14/iran-war-iea-oil-stockpile-spr-strait-hormuz.html