Host Constance Draft breaks down the G7's emergency meeting on March 9, 2026, to discuss a coordinated release of strategic petroleum reserves as oil prices surge past $100 per barrel following the war in Iran and the disruption of tanker traffic through the Strait of Hormuz. The episode covers the real-world impact — from $3.48 gas in the U.S. to long lines at Asian filling stations — and explores the contradictions in the international response, including President Trump's dismissal of the crisis even as allies prepare to tap reserves. Draft examines what strategic stockpiles can and can't do, the history of the IEA system, and the quiet arithmetic of buying time during a global energy disruption.

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