Trump says will tap U.S. Strategic Petroleum Reserve to try to reduce gasoline prices

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Bryan Mound retention  installation  successful  Texas is is 1  of 4  Strategic Petroleum Reserve (SPR) sites successful  the U.S. that are utilized  arsenic  a archetypal  enactment     of defence against an interruption successful  petroleum supplies.

Bryan Mound retention installation successful Texas is is 1 of 4 Strategic Petroleum Reserve (SPR) sites successful the U.S. that are utilized arsenic a archetypal enactment of defence against an interruption successful petroleum supplies. | Photo Credit: AFP

U.S. President Donald Trump says his medication volition pat the United States' Strategic Petroleum Reserve to effort and trim gasoline prices that person risen owed to the Iran war.

During an interrogation connected Wednesday (March 11, 2026) with WKRC Local 12 successful Cincinnati, Mr. Trump was asked astir tapping the reserve and said, “Well, we'll bash that and past we'll capable it up.”

He added, “Right present we'll trim it a small bit, and that brings the prices down.”

He didn't specify however galore barrels of lipid the U.S. would release.

Explained | What is Strategic Petroleum Reserve?

Mr. Trump often criticised the medication of Joe Biden for tapping the reserve to effort and bring down state prices.

Published - March 12, 2026 03:28 americium IST

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