US seeks to release 17 million barrels from oil reserve

The United States has requested proposals to swap up to 17 million barrels of strategic petroleum reserve oil, as part of a global agreement reached in March aimed at controlling fuel prices influenced by the war with Iran. Washington had previously agreed to lend 172 million barrels under this accord, which includes about 30 countries, involving a withdrawal of 400 million barrels from global reserves. This measure is expected to help meet demand and reduce volatility in oil markets.

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