Trump Orders 172M Barrel SPR Release; IEA Coordinates Largest Emergency Oil Reserve Action in History as Crude Tops $100/Barrel

Trump ordered a 172 million barrel SPR release as part of a 32-nation IEA action totaling 400 million barrels — the largest in history — after crude exceeded $100/barrel due to Hormuz interdiction. Initial market reaction showed no price reduction, and the SPR’s depleted capacity represents a compounding strategic vulnerability if the conflict is sustained.