Tapping Strategic Oil Reserves Could Offset Lost Supply-for a While -- WSJ

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Tapping Strategic Oil Reserves Could Offset Lost Supply-for a While -- WSJ

Dow Jones03-11 21:06

By Ed Ballard

The proposed release of 400 million barrels of oil could fully offset the lost supply due to the conflict in Iran, Capital Economics writes, but only if the conflict ends soon.

-- The "benign" scenario. If it takes a month for oil flows to normalize, Capital Economics estimates that roughly 350 million barrels of oil supply could be lost.

-- But it's a stop-gap. The crisis is reducing supply by more than 10 million barrels a day; IEA members have never released more than one-fourth of that daily quantity.

-- The bottom line: "Opening the Strait of Hormuz is key to sustainably bring energy prices down," the firm writes.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

March 11, 2026 09:06 ET (13:06 GMT)

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