U.S. to Tap Strategic Petroleum Reserve Again to Combat Rising Fuel Costs

The United States announced plans to release up to 40 million barrels of crude oil from its Strategic Petroleum Reserve (SPR) to help stabilize rising fuel prices. This action, the final portion of a 172 million barrel drawdown ordered in March, aims to mitigate the impact of energy supply disruptions stemming from the Iran war on domestic consumers and the economy.