U.S. to release 40 million barrels from oil reserve
The administration of U.S. President Donald Trump announced that it will withdraw 40 million barrels from the strategic oil reserve to enable energy companies to control fuel prices, which have risen due to the war with Iran and Russia's war in Ukraine. This move is part of efforts to ease pressure on fuel prices, as the United States had previously approved a loan of 172 million barrels from the reserve in March 2026, involving about 30 countries under the International Energy Agency agreement to withdraw 400 million barrels. Past administrations have also demonstrated flexibility in adjusting the volume of withdrawals to meet market needs, with a focus on stabilizing global oil prices.
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