Reuters Morning Bid Strait ahead
Mar 11, 2026
Tension in the Strait of Hormuz and recent incidents are rattling oil markets and reshaping energy risk. Discussion of a possible large IEA reserve release and its market effects. The strain between higher energy costs and inflation expectations is explored. Big tech earnings lift markets while AI data center energy demand rises. Worries about private credit valuations and collateral risks are highlighted.
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Markets Finding A Holding Pattern After Oil Panic
- Markets moved from panic to a holding pattern after wild oil swings earlier in the week.
- Mike Dolan and Anna Schmansky cite Trump's comments and minute-by-minute Middle East reports as key drivers that pulled oil off $120 toward below $100.
Minute By Minute News Moves Oil Prices
- Information flow from officials is feeding minute-by-minute trading moves in energy markets.
- Mike notes a US Energy Secretary post about a ship in the Straits of Hormuz that was later withdrawn, showing how small reports move prices.
IEA Coordinating Potentially Massive Oil Reserve Release
- The IEA is coordinating a potentially record release of strategic reserves that could exceed prior releases.
- Mike and Anna mention a possible 300 million barrels release compared with Aramco's estimate of ~350 million barrels of outage.