US Morning News Call | IEA Proposes Record Oil Reserve Release Amid Middle East Conflict

🔔Before the Bell

Stock futures edged higher on Wednesday, as investors awaited key consumer inflation data and continued to track the U.S.-Iran conflict and movements in oil prices.

$E-mini NASDAQ 100 Futures (MAR6) (NQmain.US)$ went up by 0.01%;

$E-mini S&P 500 Futures (MAR6) (ESmain.US)$ went up by 0.203%;

$E-mini Dow Futures (MAR6) (YMmain.US)$ went up by 0.01%.

Trump Administration and Israel Show Divergent Views on Iran War Duration

President Trump suggests the Iran war might soon end, but Israel and the U.S. have different ideas on timing and conditions. Trump and Israeli PM Netanyahu speak nearly daily about the war's current state and how to end it. White House officials express concern that Israel wants the war to continue after the U.S. desires to end the bombing campaign.

IEA Proposes Record 400 Million Barrel Oil Reserve Release Amid Middle East Conflict

International Energy Agency proposed releasing 400 million barrels from strategic reserves, doubling its largest prior release. The plan addresses crude price surges during US-Israel war with Iran. IEA's 32 member countries will decide Wednesday on the proposal.

Nvidia GTC 2026 Conference Expected to Unveil Feynman Platform and AI Roadmap

$NVIDIA (NVDA.US)$ 's upcoming GTC 2026 conference is anticipated to reveal the Feynman platform, reportedly a major advancement beyond Rubin. Market speculation suggests the GPU could utilize TSMC's A16 process technology.

Oracle Reports Strong Q3 Results and Raises FY27 Revenue Guidance to $90 Billion

$Oracle (ORCL.US)$ reported Q3 revenue of $17.2 billion, up 22%, with cloud revenue rising 44% to $8.9 billion. The company raised its fiscal 2027 revenue guidance to $90 billion, exceeding analyst estimates of $86.7 billion, driven by strong AI infrastructure demand.

🪙Crypto News

$Bitcoin (BTC.CC)$ fell -0.31% to 69502.52;$Ethereum (ETH.CC)$ fell -0.24% to 2022.79.

Bernstein Sees Circle Heading Toward $190 as Stablecoin Use Expands in Payments and AI

Bernstein reiterated an “outperform” rating on Circle and kept a $190 price target, citing accelerating stablecoin adoption among consumers, enterprises, and potentially AI agents. The analysts noted USDC supply has rebounded to about $78 billion in circulation, showing stablecoin demand has remained resilient despite broader crypto-market volatility.

📆Market Events

Key Economic Events

08:30 CPI (Feb)

08:30 Core CPI (Feb)

Read More: February CPI Preview: The Inflation Print That Shapes the Dots