Donald Trump Gives Update on Oil Prices, Tapping Strategic Reserve
Donald Trump
President Donald Trump signaled that his administration may tap into the U.S. Strategic Petroleum Reserve to alleviate pain at the pump amid the ongoing Iran war. Later Wednesday, the U.S. announced that it will release 172 million barrels of oil from the reserve as part of IEA effort to combat gas prices. That amounts to roughly 41.4% of the total stockpile of 415 million barrels. U.S. Energy Secretary Chris Wright said the release would begin next week and take about 120 days to complete
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