Money and business

Trump announces withdrawal from the strategic oil reserve to confront rising prices


President Donald Trump announced on Wednesday that he would tap into the Strategic Petroleum Reserve to help reduce Energy costs during the war with Iran.

Trump said in an interview with WKRC radio station in Cincinnati: "We’ll do that, and then we’ll fill it"

Trump added: "I filled it once, and I’ll fill it again, but now we’re going to lower it a little bit, and that’s going to bring the prices down"

Trump’s statements come after

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The Strategic Stockpile The United States currently has 415 million barrels of oil, equivalent to 58% of its declared capacity of 714 million barrels.

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