Group 1 - The International Energy Agency (IEA) announced that member countries will soon release emergency oil reserves to alleviate the current tightness in international oil supply [2][3] - A total of 400 million barrels of strategic oil reserves will be released, with 271.7 million barrels coming from government reserves, 116.6 million barrels from industry reserves, and 2.36 million barrels from other sources [3] - Approximately 72% of the released oil will be crude oil, while 28% will be refined products [3] Group 2 - The IEA emphasized that the global oil market is facing the most severe supply disruptions in history, and this collective emergency action is the largest of its kind to date, providing significant market relief [3] - To restore stable trade flows, it is crucial to resume normal shipping operations in the Strait of Hormuz, with improved insurance mechanisms and enhanced safety measures for vessels being key factors [3]