Core Viewpoint - The International Energy Agency (IEA) has announced the release of 400 million barrels of strategic oil reserves by its member countries to address global oil supply tensions caused by military actions involving the U.S. and Israel against Iran [1][2]. Group 1 - The IEA's announcement on March 11 indicated that 32 member countries unanimously agreed to release 400 million barrels of strategic oil reserves, marking the largest coordinated release to date [2]. - The released oil reserves will primarily consist of crude oil, with refined products being mainly allocated to Europe, while countries in the Americas will increase production to supplement market supply [1][3]. - Following the escalation of tensions in the Middle East, Brent crude oil futures rose above $116 per barrel, and European natural gas and oil prices also saw significant increases [2].