The United States Department of Energy said Wednesday it will release 172 million barrels from the strategic petroleum reserve “beginning next week,” as the Middle East war disrupted oil prices.
The release would “take approximately 120 days to deliver based on planned discharge rates,” the agency said in a post to X.
The post also accused Iran of manipulating and threatening “the energy security of America and its allies.”
President Donald Trump indicated on Wednesday he would tap the US Strategic Petroleum Reserve to help ease oil prices that have soared amid the war with Iran.
“We’ll do that and then we’ll fill it up,” Trump said in an interview with local television station WKRC during a visit to the Cincinnati area. “Right now, we’ll reduce it a little bit and that brings the prices down.”
