IEA Proposes Record Release of Oil Reserves

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. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.