Full IEA Release

The IEA agrees to the US request and authorizes an additional 100 million barrels, likely structured as a coordinated draw from OECD emergency stocks. Given the recent 325 million-barrel IEA release and 100 million-barrel G7 action, the market treats this as meaningful but not decisive because inventories are already depleted and Hormuz risks remain.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.