What is needed to steady volatile oil markets?

Global oil markets are experiencing volatility due to geopolitical tensions, particularly disruptions in the Strait of Hormuz. Concerns about potential supply shortages have prompted the International Energy Agency to consider releasing emergency oil stockpiles, though a decision has not yet been made. The closure of the Strait of Hormuz is unprecedented, leading to companies drawing down their oil stocks. Meanwhile, Mexico faces increasing trade tensions with China, driven by a surge in Chinese imports and pressure from the United States to limit Chinese influence. Despite these challenges, some US companies, like Amazon, are raising significant capital through corporate bond sales, potentially to invest in artificial intelligence.