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Trump In Panic Mode? US Orders 172 Million Barrels Of Oil Release As Iran War Drives Prices Up
Posted
March 12, 2026
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3:46Now PlayingDonald Trump ordered the release of 172 million barrels from the United States Strategic Petroleum Reserve as oil prices surged during the Iran conflict. The move, coordinated with the International Energy Agency, aims to stabilise global markets through a wider 400 million barrel release. The decision followed a rapid policy reversal in Washington after advisers warned prices could spike further amid war fears.
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