World Races to Protect Oil Flows as Trump Hints at War’s End

WATCH: The US-Israeli attacks on Iran have triggered a regional crisis and sent energy prices skyward. In the US, President Donald Trump’s decision to go to war also could hurt his party in an election year.Source: Bloomberg

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By Arsalan Shahla, Nayla Razzouk, and Ellen Milligan

March 11, 2026 at 8:04 AM UTC

Updated on

March 11, 2026 at 3:18 PM UTC

The US and Israel’s war on Iran forced world governments to intervene to shore up energy supplies, even as President Donald Trump once again said fighting will end soon.

The International Energy Agency approved its largest-ever release of emergency oil reserves on Wednesday, a move to curb surging oil prices while a critical waterway remains effectively closed.