US markets calmer after IEA considers releasing oil reserves

The International Energy Agency is considering releasing a record 400 million barrels of oil from global reserves in an effort to calm soaring prices fueled by the war with Iran. If approved, it would be more than double the previous record set in 2022 after Russia’s invasion of Ukraine. Ellen Fraser, an energy expert and partner at the consultancy firm Baringa, explains how this affects US markets.

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