{"id":470666,"date":"2026-03-12T02:11:08","date_gmt":"2026-03-12T02:11:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/470666\/"},"modified":"2026-03-12T02:11:08","modified_gmt":"2026-03-12T02:11:08","slug":"us-to-release-172m-barrels-of-oil-from-strategic-petroleum-reserve-trump-administration","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/470666\/","title":{"rendered":"US to release 172m barrels of oil from strategic petroleum reserve | Trump administration"},"content":{"rendered":"<p class=\"dcr-130mj7b\">The United States will release 172m 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 with Iran, US energy secretary Chris Wright said on Wednesday.<\/p>\n<p class=\"dcr-130mj7b\">Wright said the release is part of a broader release of 400m barrels of oil agreed to by the 32-country International Energy Agency earlier in the day.<\/p>\n<p class=\"dcr-130mj7b\">Wright said the release will begin next week and will take approximately 120 days to deliver.<\/p>\n<p class=\"dcr-130mj7b\">In his statement, Wright accused Iran of having \u201cmanipulated and threatened the energy security of America and its allies\u201d.<\/p>\n<p class=\"dcr-130mj7b\">Trump had said earlier on Wednesday that he planned to tap the petroleum reserve.<\/p>\n<p class=\"dcr-130mj7b\">\u201cWe\u2019ll do that, and then we\u2019ll fill it up. I filled it up once, and I\u2019ll fill it up again,\u201d Trump <a href=\"https:\/\/www.axios.com\/2026\/03\/11\/trump-strategic-oil-reserve-gas-prices-iran-war\" data-link-name=\"in body link\" rel=\"nofollow noopener\" target=\"_blank\">said<\/a> earlier in the day. \u201cRight now, we\u2019ll reduce it a little bit, and that brings the prices down.\u201d<\/p>\n<p class=\"dcr-130mj7b\">Reuters contributed reporting<\/p>\n","protected":false},"excerpt":{"rendered":"The United States will release 172m barrels of oil from its strategic petroleum reserve in a bid to&hellip;\n","protected":false},"author":2,"featured_media":470667,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[84,59,56,54,55],"class_list":{"0":"post-470666","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-gb","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/470666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=470666"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/470666\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/470667"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=470666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=470666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=470666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}