Why has oil prices started to rebound instead of releasing 400 million barrels of strategic oil reserves announced by IEA International Energy? 400 million barrels is indeed the largest release of oil strategic reserves in the history of the IEA, and it was also discussed last week as having short-term effectiveness in suppressing oil prices. However, this supply gap is even larger than during the 22 year Russia Ukraine war, and releasing oil reserves cannot replace Middle Eastern supply in the long run. More importantly, the pace of releasing strategic petroleum reserves. The core key is not 'how much reserves there are, how much has been released', but 'how much can be released every day'. At present, the IEA has not announced a unified release schedule, only stating that each member country will arrange a timetable according to their own situation. US Energy Secretary Chris Wright stated that the United States will release 172 million barrels of strategic oil reserves, and the entire release process is expected to last for about 120 days, equivalent to only 1.4 million barrels per day. If other countries release at the same pace as the United States, a maximum of 3 million barrels per day can be released. However, during normal times, 20 million barrels of oil need to be transported daily through the Strait of Hormuz, and the gap is still significant. Even with the addition of the Saudi Arabian oil pipeline (from the Persian Gulf to the Red Sea) and the UAE to Oman oil pipeline, which can produce an additional 7 million barrels per day at full capacity, there is still a gap of 10 million barrels. Moreover, there is a need for preparation time from the issuance of release orders by governments of various countries to the implementation of the release. Taking the United States as an example, when the President issues a release order, the Department of Energy takes approximately 13 days to bid, award, and begin delivery. Subsequently, crude oil also needs to be transported through pipelines or tankers to refineries and end consumers. Even if immediate action is taken, the earliest the reserves can truly enter the market is by the end of March, and tariffs cannot quench our thirst. The preparation time is too long, and the daily release of volume and the suspension of the Strait of Hormuz have resulted in a significant gap in transportation volume. Investors appreciate these details, and it is inevitable that oil prices will rise again. From the perspective of investors, this IEA action is more like a signal of policy stability. On the one hand, it conveys to the market the attitude of major consumer countries to jointly intervene in energy prices, attempting to lower the risk premium. On the other hand, it is buying time for the market - waiting for the resumption of shipping in the Strait of Hormuz. But if the blockade of the strait continues, it will be difficult for the release of reserves to truly fill the supply-demand gap. The core is still the logic that 'strategic reserves can buffer shocks, but cannot replace normal global oil trade'. Recent macroeconomic events have had a significant impact on the market, and the volatility of the US stock market is also high. By trading US stocks on @ Bitgetzh, users can participate in blind boxes with a total amount of 100000 USDT (ranging from 2-500U). Users can receive blind box rewards for trading US token spot and contracts, and can also receive airdrops based on trading volume rankings. https://www. (bitget.com)/zh-CN/events/onchain-hunt/233145 This article is sponsored by Bitget