US to release 53 million barrels from strategic oil reserve
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Source: Middle East Eye
Published: 2026-05-12 11:23 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Iran, Energy, World News, US Politics, Business & Economy, War & Conflict
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Snippet:
The administration of US President Donald Trump is providing 53.3 million barrels of crude oil from the US Strategic Petroleum Reserve to energy companies as part of a global effort to stabilise markets shaken by the conflict involving Iran, according to a Reuters report.
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