US to Tap Strategic Petroleum Reserve Amid Middle East Tensions
Energy Secretary Chris Wright said the release comes after members of the International Energy Agency coordinated a joint decision. “Earlier today, 32 member nations of the International Energy Agency unanimously agreed to President (Donald) Trump’s request to lower energy prices with a coordinated release of 400 million barrels of oil and refined products from their respective reserves,” Wright said in a statement.
The move follows disruptions to shipping through the Strait of Hormuz, a key waterway that typically transports about 20 million barrels of oil daily—roughly 20% of global petroleum trade—raising concerns over potential supply shortages and price increases worldwide.
“President Trump promised to protect America’s energy security by managing the Strategic Petroleum Reserve responsibly, and this action demonstrates his commitment to that promise,” Wright added. He also criticized prior administrations, noting that the United States plans to replenish the reserve with roughly 200 million barrels over the next year—about 20% more than the planned release—at no cost to taxpayers.
“For 47 years, Iran and its terrorist proxies have been intent on killing Americans,” Wright said.
“They have manipulated and threatened the energy security of America and its allies. Under President Trump, those days are coming to an end.”
The Energy Department said that once the release begins next week, deliveries are expected to take around 120 days based on the planned discharge schedule. “Rest assured, America’s energy security is as strong as ever,” Wright said.
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