Trump is tapping emergency oil reserves from sites in Texas. Here’s what to know.
Trump released barrels from federal oil reserves, located at sites along the Texas and Louisiana coasts, to calm a rattled market.
Trump orders 172M barrels released from strategic reserve: How much oil will remain?
The U.S. will release millions of gallons from its reserve, which is stored in underground salt caverns.
US Begins Emergency Oil Reserve Release of 86 Million Barrels
The Trump administration started the process of a mammoth drawdown of the US emergency oil reserve, issuing a request to exchange 86 million barrels of crude oil.
US to release 172 million barrels of oil from strategic petroleum reserve
The U.S. 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 U.S.-Israeli war on ​Iran, U.S. Energy Secretary Chris Wright said on ​Wednesday.
How much has the war in Iran cost U.S. taxpayers?
Cost of war: The Pentagon estimated that the first six days of the conflict cost taxpayers at least $11.3 billion. Trump suggested the war would end “soon” because there’s “nothing left to target,” while Iran’s president said Tehran should be paid reparations as part of any deal to end it. [USA Today/Yahoo News]