Oil reserves, tariff investigations, airline fuel prices and more in Morning Squawk

Oil Market - The International Energy Agency (IEA) agreed to release 400 million barrels of oil from its reserves, marking the largest release from the agency's emergency stockpile ever [1] - Despite the release, crude prices rose about 5%, with Brent crude briefly hitting $100 per barrel [1][6] - The U.S. plans to release 172 million barrels from its Strategic Petroleum Reserve, with delivery expected to take about 120 days [6] Inflation and Consumer Prices - Consumer prices rose 0.3% month over month and 2.4% year over year, aligning with economists' expectations [2] - The headline and core annual inflation rates remained unchanged, indicating that inflation is not worsening but remains above the Federal Reserve's target [2][3] Trade Investigations - The Trump administration is launching new trade investigations under Section 301 of the Trade Act of 1974 against several trading partners, including Mexico, China, the EU, Japan, India, and Vietnam [4][5] Airline Industry - Global airlines are raising fares to cover increasing fuel costs due to rising oil prices, with United Airlines indicating it will likely follow suit [9][10] - Strong travel demand is providing airlines with more pricing power [10] Technology Sector - Google is selling a partial stake in its fiber unit, GFiber, which will merge with Astound Broadband to become an independent provider [7][8] - The spinout is expected to be completed in the fourth quarter and comes amid increasing demand for high-capacity networks driven by AI services [8]