Tapping U.S. oil reserves to lower prices

Name: Tapping U.S. oil reserves to lower prices
Uploaded: 2026-04-07T22:23:06Z
Duration: 4 min 31 s
Description: In response to spiking oil prices stemming from the U.S.-Israeli strikes on Iran, President Trump said he will be releasing 172 million barrels of oil from the nation's Strategic Petroleum Reserve. It's part of an effort by the International Energy Agency to release 400 million barrels from member nations.

FOX LOCAL San Francisco · Apr 7, 2026 · 4m 31s

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In response to spiking oil prices stemming from the U.S.-Israeli strikes on Iran, President Trump said he will be releasing 172 million barrels of oil from the nation's Strategic Petroleum Reserve. It's part of an effort by the International Energy Agency to release 400 million barrels from member nations.