March 12, 2026 9:36 AM
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US to Release 172 Million Barrels of Oil from Strategic Reserve to Tackle Soaring Prices
US Energy Secretary Chris Wright said yesterday that the country will release 172 million barrels of oil from its strategic petroleum reserve in a bid to reduce oil prices that have soared due to supply shocks from the US-Israeli war on Iran. Wright said the release is part of a broader release ...