Group 1 - The release of emergency oil reserves by governments is limited, equating to only three to four days of global demand or two weeks of normal shipments through the Strait of Hormuz, while IEA member countries hold strategic reserves of over 1.2 billion barrels in government stockpiles and 600 million barrels in industry reserves [1] - The release of emergency reserves does not lead to an immediate influx of oil into the market, as oil is stored in various locations and the physical flow of oil increases gradually as producers make more oil available for refineries [2] - Refining capacity is constrained in many regions, which limits the speed of crude oil processing into usable fuels, while the global gas market is also under pressure, with liquefied natural gas supplies down by about 20% since the conflict began, causing UK LNG prices to rise by approximately 70% [3] Group 2 - Crude oil prices have shown significant volatility following the onset of the U.S.–Iran war, with WTI crude oil prices spiking to $119 before correcting to a low of $76.73, indicating that the war's effects are substantial and may lead to bullish behavior in oil prices despite government price control efforts [4] - From a technical perspective, the U.S.–Iran war began when oil prices were around $67, a critical breakout level, and the price surged to a high of $119, with the breakout from this triangle pattern suggesting a minimum target of $120 based on previous highs from March and June 2022 [5]