Wall Street experienced its worst day since the Iran war began, with investors speculating that President Donald Trump may pull back on U.S. involvement in Iran to avoid further market pain. The International Energy Agency announced that its 32 member countries were moving forward with a 400-million-barrel reserve release, the biggest collective drawdown ever. The region most at risk is Asia, which imports energy from the Middle East. The U.K. is temporarily lifting some restrictions on buying Russian oil and petroleum products from Russia. Meanwhile, inflation figures were released, showing a 2.4% rise in the consumer price index in the 12 months through February, unchanged from the previous month. Central banks are set to meet next week, with only a potential move expected from the Reserve Bank of Australia.