Core Viewpoint - The International Energy Agency (IEA) is likely to activate strategic reserves held by its 32 member countries in response to the sharp rise in oil prices due to the Gulf conflict, with the G7 finance ministers planning an emergency meeting to discuss a coordinated release of oil reserves [1][2]. Group 1: Oil Price Surge and Market Impact - Oil prices have surged dramatically, with Brent crude rising by 24% to $116.71 per barrel and West Texas Intermediate increasing by 28% to $116.45 per barrel during the Asian trading session [3]. - The rapid increase in oil prices has raised global concerns about inflation, which could have long-term detrimental effects on global economic growth [3]. Group 2: Emergency Measures and Strategic Reserves - The IEA has prepared to take action to stabilize the oil market, with member countries holding over 1.24 billion barrels in public stocks and an additional 600 million barrels in industry stocks available for market release if necessary [3]. - Some U.S. officials believe that a coordinated release of 300 to 400 million barrels of oil, approximately 25% to 30% of total emergency reserves, is an appropriate response scale to the current crisis [2].
G7紧急开会:拟协调释放石油储备
凤凰网财经·2026-03-09 13:54