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Finance

Oil prices fall as WSJ says IEA proposes largest oil stock release ever

Published by Global Banking & Finance Review

Posted on March 11, 2026

1 min read

· Last updated: April 1, 2026

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Oil prices fall as WSJ says IEA proposes largest oil stock release ever

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TOKYO, March 11 (Reuters) - Oil prices dropped on Wednesday after the Wall Street Journal reported the International Energy Agency has proposed the largest release of oil reserves in its history to

Oil Prices Fall After IEA Proposes Biggest Oil Stock Release in History

IEA's Historic Oil Reserve Release and Market Impact

Oil Prices React to IEA Announcement

TOKYO, March 11 (Reuters) - Oil prices dropped on Wednesday after the Wall Street Journal reported the International Energy Agency has proposed the largest release of oil reserves in its history to bring down crude prices that have soared amid the U.S.-Israel war with Iran.

Current Brent and WTI Price Movements

Brent futures were trading down 23 cents, or 0.26% lower, at $87.57 a barrel at 0023 GMT. U.S. West Texas Intermediate (WTI) lost 37 cents, or 0.44%, to trade at $83.08 a barrel.

Reporting Credits

(Reporting by Katya Golubkova; Editing by Tom hogue)

Key Takeaways

IEA has proposed releasing 300–400 million barrels from strategic reserves—the largest such drawdown in IEA history, equivalent to around 25–30 % of total emergency stocks (ainvest.com).
The proposal follows supply disruptions caused by U.S.–Israeli action against Iran and closure of the Strait of Hormuz, which triggered a sharp spike in oil prices above $100 before retreating (ainvest.com).
G7 finance ministers and IEA are coordinating emergency meetings and statements signaling readiness to act, though no final decision has been made yet (theguardian.com)

References

Frequently Asked Questions

Why did oil prices fall on March 11?

Oil prices fell after the WSJ reported the IEA's proposal for the largest-ever oil stock release to lower soaring crude prices.

How much did Brent and WTI futures drop?

Brent futures dropped by 23 cents to $87.57; WTI dropped by 37 cents to $83.08 a barrel.

What event triggered the IEA's proposed oil stock release?

The IEA proposed the release in response to oil price surges due to the U.S.-Israel war with Iran.

Who reported on the IEA's proposal for an oil reserve release?

The Wall Street Journal reported on the IEA's proposal.

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Oil prices fall as WSJ says IEA proposes largest oil stock release ever

Oil Prices Fall After IEA Proposes Biggest Oil Stock Release in History