IEA Proposes Record Release of Oil Reserves

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 11 March 2026

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for Mar. 11. The International Energy Agency is considering releasing 400 million barrels of oil into the market to counter the surge in crude prices from the U.S.-Israel war with Iran. WSJ reporters Matt Dalton and Rebecca Feng explain why the strategic release would be unprecedented and how it could drive oil prices up, instead of down. Plus, we look at how some of the biggest hedge funds got caught off guard by the war. And WSJ’s Alex Leary has the scoop on why Trump is obsessed with these $145 shoes. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Access to affordable credit helps me pay my employees, but I don't really need it.
0:05.0	Infliction is killing me!
0:08.0	But who cares? Big retailers are making record profits!
0:11.0	That's why we support the Durban Marshall Credit Card Bill!
0:15.0	See? Banks and credit unions help small businesses make payroll.
0:18.0	This bill would cut the vital resources they need.
0:25.0	While increasing megastore profits, they deserve it, don't they?
0:29.1	Tell Congress, stop the Durban Marshall money grab for corporate megastores.
0:31.2	Paid for it by the Electronic Payments Coalition.
0:40.3	A key day for oil markets as countries consider a massive release from their strategic reserves,
0:44.6	plus how some of the biggest hedge funds got caught off guard by the war.
0:48.9	These are considered sort of the first-in-class hedge funds in the industry, and they each lost a billion or more for the week.
0:53.7	And the AI boom continues powering up shares of Oracle.
0:57.7	It's Wednesday, March 11th.
0:59.3	I'm Luke Vargas for the Wall Street Journal,
1:01.2	and here is the AM edition of What's News,
1:04.0	the top headlines and business stories moving your world today.
1:10.1	It's the scoop that has the business world talking.
1:13.2	The journal's Matthew Dalton reports that the International Energy Agency has proposed
1:17.7	its largest ever release of oil reserves in an effort to tame a recent run-up in crude
1:22.9	prices with a decision expected today.
1:26.0	To discuss this potentially historic market intervention, we've got Matt on the line with us from expected today. To discuss this potentially historic market intervention,
	...

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