US taps strategic oil reserve with a 172 million-barrel release to cool prices
TL;DR Summary
The United States will release 172 million barrels from the Strategic Petroleum Reserve as part of a broader 400 million-barrel IEA-backed plan to ease oil prices hit by supply shocks from the U.S.-Israel confrontation with Iran; the draw starts next week and will take about 120 days to complete, with Washington aiming to replace the reserves with roughly 200 million barrels over the coming year.
- US to release 172 million barrels of oil from strategic petroleum reserve Reuters
- Exclusive | President Trump’s Head-Spinning Pivot on an Emergency Oil Release WSJ
- Why Oil Prices Surged Even After the Release of Strategic Reserves The New York Times
- IEA agrees to release record 400 million barrels of oil to address Iran war supply disruption CNBC
- U.S. to release 172 million barrels of oil from Strategic Petroleum Reserve as prices surge PBS
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