Dousing War Flames with 400 million Barrels Plus. The Energy Report 03/12/2026
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Dousing War Flames with 400 million Barrels Plus. The Energy Report 03/12/2026

blog.pricegroup
4 months ago
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The International Energy Agency (IEA) agreed to release 400 million barrels of oil from member countries’ strategic reserves, and President Trump announced the release of 172 million barrels of oil from the United States’ Strategic Petroleum Reserve after oil prices surged when Iran attacked three cargo ships with projectiles in the Strait of Hormuz and Persian Gulf.
   We are learning that oil jumps on seeing flames in this conflict and footage that showed ships in flames, causing Brent crude o...

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