US to Release 172 Million Barrels of Oil From Reserve

U.S. details its participation in the IEA coordinated SPR release.

Washington will release 172 million barrels over a 120 day period, equal to a flow of ~1.4 million barrels per day. https://t.co/49R2oq8esU

— Javier Blas (@JavierBlas) March 11, 2026

There's been talk today in the financial markets that oil will go to $200 per barrel with the Strait of Hormuz being closed.

Trump’s head-spinning turn on an emergency oil reserve, w a free link: https://t.co/WdWDbzTkE6

— Josh Dawsey (@jdawsey1) March 11, 2026

You read the Wall Street journal article for free to see how we got to dipping into our oil reserves.