US Energy Department says it will release 172M barrels of oil from strategic reserve

The United States Department of Energy says it will release 172 million barrels from the strategic petroleum reserve “beginning next week,” as the Middle East war disrupts oil prices.

The release will “take approximately 120 days to deliver based on planned discharge rates,” the agency says in a post to X.

The post also accuses Iran of manipulating and threatening “the energy security of America and its allies.”

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