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As the market has already absorbed the news of member countries of the International Energy Agency releasing strategic oil reserves, investors continued to focus on disruptions in shipping through the Strait of Hormuz, driving international oil prices to rise fluctuantly. After the opening of trading on the following day, starting at 11 p.m. Eastern Time in the United States, the price of London Brent crude oil futures for delivery in May once again rose above $100 per barrel during trading. At the close on the 11th, futures for light crude oil with delivery in April on the New York Mercantile Exchange rose by $3.80, closing at $87.25 per barrel, a gain of 4.55% ； Futures prices for London Brent crude oil, due for delivery in May, rose by $4.18 to close at $91.98 per barrel, an increase of 4.76%. The International Energy Agency issued a statement on the 11th, saying that its 32 member countries agreed unanimously to release 400 million barrels of strategic oil reserves in order to address the global shortage of oil supply caused by the situation in the Middle East. Fatih Birol, Director-General of the International Energy Agency, said that the release of strategic oil reserves will be implemented in phases within an appropriate time frame, depending on the specific circumstances of each member country. Biroll said in a previous press release that the member countries of the International Energy Agency currently hold over 1.2 billion barrels of public emergency oil reserves, in addition to about 600 million barrels of corporate reserves under the control of those governments. This release of oil reserves is the largest in history, and market analysts are cautious in assessing its impact; their attention remains focused on the developments in the war between the United States, Israel, and Iran, as well as the conditions in the Strait of Hormuz. Dan Coatesworth, head of market research at UK-based AJ Bell, said that releasing oil reserves might alleviate market concerns in the short term, but to completely dispel those doubts, the fighting must come to an end or there must be a clear path toward a reduction in tensions. According to analysis by the British consulting firm Wood Mackenzie, total oil exports from the Gulf have declined significantly at present, and releasing oil reserves as well as other alternative sources is not sufficient to fully cover the current supply gap. Furthermore, as a member of the International Energy Agency with the largest oil reserves, the United States has low strategic oil reserves, which limits its ability to alleviate supply gaps in the market by releasing such reserves. Simon Flowers, chairman and chief analyst at Wood Mackenzie, predicts that international oil prices will continue to rise as the conflict drags on. Sasha Foss, an analyst at British firm Marex, said that releasing oil reserves does indeed buy time for the market, but the key factors still depend on how long the conflict lasts and the conditions in the Strait of Hormuz.