U.S. Releases 172 Million Barrels from SPR as Iran Conflict Drives Oil Prices Up 20%

The U.S. Department of Energy will release 172 million barrels from the Strategic Petroleum Reserve (SPR) starting next week, a move aimed at curbing soaring oil prices amid escalating conflict with Iran. Secretary of Energy Chris Wright confirmed the release, part of a broader International Energy Agency plan to discharge 400 million barrels, will take […] The post U.S. Releases 172 Million Barrels from SPR as Iran Conflict Drives Oil Prices Up 20% appeared first on the deep dive.