The three major U.S. stock indexes ended mixed on the New York market. As the International Energy Agency (IEA) decided on a record emergency release of strategic reserves, oil prices rose again.
On the 11th, on the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 47,417.27, down 0.61% from the previous day. The Standard & Poor's (S&P) 500 index ended at 6,775.80, down 0.08% from the prior transaction day, and the Nasdaq composite closed at 22,716.13, up 0.08%.
International oil prices rose again. On the day, Brent, the global benchmark, climbed 4.8% to $91.98 per Barrel. West Texas Intermediate (WTI) rose 4.6% to $87.25 per Barrel. The IEA said the 32 member countries unanimously agreed to supply a total of 400 million barrels from reserves to the market. Although the release is larger than the 182.7 million barrels discharged in two rounds after Russia attacked Ukraine in 2022, oil prices nevertheless rose.
Persistent tensions in the Strait of Hormuz are seen as lifting international oil prices. On the day, three vessels off Iran's coast were hit in succession by projectiles believed to be fired by Iranian forces. Among them, a Thai-flagged cargo ship was reportedly struck by the Islamic Revolutionary Guard Corps (IRGC) in the Strait of Hormuz. The Revolutionary Guard said it attacked and stopped four ships in the Strait of Hormuz area, including the Liberia-flagged cargo ship Express Rome, owned by an Israeli company. Since the start of the Iran war, this is the first time a civilian commercial vessel in the Strait of Hormuz has been attacked by Iran.