Trump Taps Strategic Petroleum Reserve in Response to Iran Shipping Attacks

Trump Taps Strategic Petroleum Reserve in Response to Iran Shipping Attacks

President Trump has ordered the release of 172 million barrels from the strategic petroleum reserve to cushion the blow to global oil supply from the paralysis of the Strait of Hormuz as Iran starts striking vessels in the passage. The release will be part of the larger release of up to 400 million barrels announced by the International Energy Agency earlier this week. In a statement, U.S. Energy Secretary Chris Wright said the release will begi…

Bitcoin, Ethereum, XRP Flat, Dogecoin Slides Amid Trump Moves To Combat Iran War Oil Spike: Analyst Says BTC Downside Won't Be 'Heavier' - Grayscale Bitcoin Mini Trust (BTC) (ARCA:BTC)

Leading cryptocurrencies traded flat, while stocks fell further on Wednesday as President Donald Trump authorized tapping the strategic reserve to lower oil prices. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:15 p.m. ET) Bitcoin (CRYPTO: BTC) -0.22% $69,912.33 Ethereum (CRYPTO: ETH)                +0.48% $2,046.98 XRP (CRYPTO: XRP)                          -0.73% $1.37 Solana (CRYPTO: SOL)                          +0.18% $86.28 D…

Donald Trump plans to tap US Strategic Petroleum Reserve to cut gas prices

Trump says releasing oil from the US Strategic Petroleum Reserve will reduce gasoline prices amid the Iran war, criticizing Biden’s approach to energy policy.

Donald Trump gives update on oil prices, tapping strategic reserve

Trump's comments follow the IEA saying it will make 400 million barrels of oil available from its members’ emergency reserves.

Bitcoin, Ethereum, XRP Flat, Dogecoin Slides Amid Trump Moves To Combat Iran War Oil Spike: Analyst Says BTC Downside Won't Be 'Heavier'

Leading cryptocurrencies traded flat, while stocks fell further on Wednesday as President Donald Trump authorized tapping the strategic reserve to …