US Has No Immediate Plan to Tap Oil Reserve on Iran Concerns

Source: Bloomberg Politics · Bias: Center

Summary

The Trump administration has no immediate plans to release oil from the nation’s emergency reserve in response to surging crude and gasoline prices in the wake of the Iran conflict, according to a person familiar with the situation.

Related Coverage

More Headlines From March 2, 2026

US Has No Immediate Plan to Tap Oil Reserve on Iran Concerns
Bloomberg Politics

US Has No Immediate Plan to Tap Oil Reserve on Iran Concerns

Center

The Trump administration has no immediate plans to release oil from the nation’s emergency reserve in response to surging crude and gasoline prices in the wake of the Iran conflict, according to a person familiar with the situation.