Trump Taps Strategic Petroleum Reserve to Lower Energy Costs
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
President Trump unveils plans to draw from the Strategic Petroleum Reserve, aiming to alleviate escalating energy costs amidst U.S.-Israeli military operations in Iran. Oil prices have surged since Operation Epic Fury, reaching nearly $120 per barrel. The International Energy Agency announces a record-breaking release of 400 million barrels from emergency stockpiles. Trump highlights his previous actions during his first term, ordering the Energy Department to purchase 77 million barrels for the reserve. He anticipates a drop in prices, predicting the decline will surprise many as the conflict unfolds.
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