Trump Taps Strategic Oil Reserve Amid Iran Conflict


Author: The Daily News Now! March 12, 2026 Duration: 1:42
Podcast episode
Trump Taps Strategic Oil Reserve Amid Iran Conflict

President Trump taps into the Strategic Petroleum Reserve amid soaring oil prices due to the U.S.-Israel conflict with Iran. The largest release ever, involving 172 million barrels, aims to ease market pressure and ease gas price hikes, particularly impacting lower-income families. The move serves as a quick tool for the president ahead of midterm elections, recalling past leaders use of the reserve during crises.

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