President Donald Trump said Wednesday the U.S. will release crude oil from the Strategic Petroleum Reserve, its boldest attempt yet to bring down oil prices that have spiked since the U.S. launched its war against Iran.
“We’ll do that, and then we’ll fill it up,” Trump told Cincinnati news station Local 12 in an interview Wednesday afternoon. “I filled it up once, and I’ll fill it up again. But right now, we’ll reduce it a little bit, and that brings the prices down.”
Trump did not specify how much oil his administration would release or the timing of the move. It comes after the International Energy Agency announced earlier Wednesday it would coordinate the largest release of reserves in the body’s history, consisting of 400 million barrels of oil, from its 32 members, which include the U.S., Japan, Germany, the U.K. and France.
📝: Contrary to what Trump says, he did not fill up the U.S. Strategic Petroleum Reserve, failing on yet another campaign promise of his. On top failing to fill it up after former president, Joe Biden, emptied it for the 2022 Midterms, Donald Trump attacked Iran seemingly oblivious to the consequences such an action would have on gas prices.
🔗 https://www.politico.com/news/2026/03/11/trump-strategic-petroleum-reserve-00823816
