Trump orders 172M barrels released from strategic reserve: How much oil will remain?
The U.S. will release millions of gallons from its reserve, which is stored in underground salt caverns.
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 U.S. will release millions of gallons from its reserve, which is stored in underground salt caverns.
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…
President Donald Trump has ordered the release of 172 MILLION barrels of oil from the United States’ Strategic Petroleum Reserve (SPR) to combat record-high energy prices triggered by the ongoing war with Iran. The post President Trump Orders MASSIVE 172 MILLION Barrel Oil Release from Strategic Petroleum Reserve to Crush Energy Prices appeared first on…
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 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…
The International Energy Agency will release 400 million barrels of oil from reserves as governments try contain energy prices driven higher by the war with Iran. IEA Director Faith Birol made the announcement in Paris. (Source: Bloomberg)
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.