President Trump said Wednesday he will tap the nation's Strategic Petroleum Reserve (SPR) to counter climbing gasoline prices as the Iran war disrupts global oil shipments.Why it matters: Consumers are seeing significant price jumps at the pump — and Republicans recognize offsetting that increase is crucial ahead of the 2026 midterm elections. What he's…
President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
The United States will release 172 million barrels of oil from the Strategic Petroleum Reserve at the request of President Donald Trump as part of a coordinated international effort aimed at stabilizing energy markets amid the war in Iran. Energy Secretary Chris Wright said Wednesday that the drawdown follows an agreement among 32 member nations…
Trump continues contradictory messaging on Iran; US will release 172m barrels of oil from strategic supplies. Key US politics stories from 11 MarchDonald Trump has continued his contradictory messaging over the Iran war, telling a rally in Kentucky that the war is “won” but “we don’t want to leave early, do we?”.With Trump and his fellow Republicans under…
President Donald Trump indicated he would tap the US Strategic Petroleum Reserve to help ease oil prices that have soared amid the war with Iran and threaten to further squeeze American households worried about costs of living.
Countries that are members of the International Energy Agency (IEA) will release the largest-ever amount from their oil stockpiles to alleviate price spikes caused by the conflict in Iran. “IEA countries have unanimously decided to launch the largest ever release of emergency oil stocks in our agency’s history,” said IEA executive director Fatih Birol in…
President Trump said Wednesday the war against Iran is turning out to be "easier than we thought" and predicted that soaring oil prices will plummet again, as the conflict threatens to upend his focus on the economy in a midterm election.
Former Trump national security adviser John Bolton tells Meet the Press NOW he believes President Trump has “not nearly enough” made the case for America’s conflict with Iran. NBC News’ Julie Tsirkin, Brian Cheung, Keir Simmons and Courney Kube report on the war’s impact on rising oil and gas prices as the president touts his economic agenda on the road.
Financial Times editor and columnist Ed Luce warned President Donald Trump's being forced to confront the consequences of his actions in Iran and he's responding poorly, Luce added. When oil prices surged above $120 per barrel after the Gulf of Hormuz closed, Trump panicked and began reassuring markets the war would end soon, effectively revealing his…
President Trump signaled on Wednesday that he plans to tap into the US Strategic Petroleum Reserve in an effort to bring down rising gas prices.
