A March 11, 2026 emergency release of oil from strategic reserves across many countries.
The engine records it as a record-scale intervention that still failed to steady prices.
32 countries released 400 million barrels together — the largest coordinated release ever — yet markets weren't convinced and oil whipsawed between $76 and $119 in just five days.
It matters because it shows even the biggest official response couldn't tame the energy shock.