US to Release 172 Million Barrels from Oil Reserve

Mar 12, 2026

36 min

Mar 12, 2026 00:31

US to release 172 million barrels of oil from strategic reserve: Energy department

## Strategic Oil Release

The United States Department of Energy has announced plans to release 172 million barrels of oil from its strategic petroleum reserve. This decision comes in response to recent disruptions in oil prices caused by ongoing conflicts in the Middle East.

## Timeline and Impact

The release is set to begin next week and is expected to take around 120 days to complete, based on the planned discharge rates. This move aims to stabilize the fluctuating oil market.

## Accusations Against Iran

In its announcement, the Energy Department accused Iran of threatening the energy security of the US and its allies, suggesting that Iran's actions have contributed to the current instability in oil prices.

Read the full story at the source

What you need to know to get Emirates ID?

Leave your details and get a guide as a gift to avoid mistakes

Article contents