Trump Plans Strategic Petroleum Reserve Release to Cut Fuel Costs

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Trump Vows to Tap US Oil Reserve to Slash Gasoline Prices Amid 'Iran War'

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News18•12-03-2026, 02:30

Trump Vows to Tap US Oil Reserve to Slash Gasoline Prices Amid 'Iran War'

•President Donald Trump announced his administration will tap the United States’ Strategic Petroleum Reserve (SPR).
•The move aims to reduce gasoline prices, which Trump attributed to the "Iran war."
•Trump made the statement during an interview with WKRC Local 12 in Cincinnati.
•He stated, "Right now we’ll reduce it a little bit, and that brings the prices down," without specifying the volume.
•Trump had previously criticized the Joe Biden administration for tapping the reserve to lower gas prices.

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