Trump releasing 172 million barrels of oil from reserve
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WASHINGTON, March 11 (Reuters) - The U.S. plans to release 172 million barrels of oil from its Strategic Petroleum Reserve, more than 40% of a wider release coordinated with allies, to help dampen prices spiked by supply disruptions from the U.
Wealthy nations have pledged to release 400 million barrels of emergency oil reserves to stabilize energy markets affected by the Iran conflict and disruptions in the Strait of Hormuz.