U.S. to Release 172 Million Barrels from Strategic Oil Reserve

U.S. Energy Secretary Chris Wright announced the release of 172 million barrels of oil from the strategic reserve to stabilize prices, which have surged due to the U.S.-Iran war.

U.S. Energy Secretary Chris Wright stated on Wednesday that the United States will release 172 million barrels of oil from its strategic reserve in an attempt to lower sharply increased oil prices. This price surge has been caused by supply disruptions resulting from the U.S.-Iranian war.

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2026-03-12T07:11:31+00:00

Asia Markets Retreat Amid Oil Volatility and Middle East Tensions

Asia-Pacific markets fell on Thursday as investors faced oil price swings and rising Middle East tensions, despite the US and allies' announcement of an unprecedented crude oil reserve release.

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2026-03-11T22:49:51+00:00

US Budget Deficit Falls to $1.004 Trillion

The US budget deficit for the fiscal year ending in February was $1.004 trillion, marking a decrease from the previous period.

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2026-03-11T22:49:26+00:00

Business Leaders Call for Elimination of Uncertainty Amid USMCA Review

Experts see a low probability of the US withdrawing from the USMCA. Business leaders demand the removal of uncertainty and tariffs. The Mexican business community is cautious ahead of negotiations. Pressure is mounting regarding a fossil energy plan. The risk of tariffs is decreasing due to rising oil prices. Analysts put the chance of a radical overhaul of the agreement at 5% or less. The conflict in the Middle East could benefit both the US and Mexico.

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2026-03-11T17:09:49+00:00

US Inflation Remains at 2.4% in February

According to the U.S. Bureau of Labor Statistics, U.S. inflation in February remained unchanged from the previous month, at 2.4% year-on-year. Prices for housing, healthcare, and education rose, while those for automobiles and communications fell. Analysts expect the Middle East conflict could impact global inflation in the coming weeks.