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Schumer Urges Oil Reserve Release Amid Global Supply Crisis

3/12/2026

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Schumer Urges Oil Release

Senate Minority Leader Chuck Schumer urged U.S. President Donald Trump to release oil from the Strategic Petroleum Reserve.
The conflict has disrupted about 20% of global oil supply due to the Strait of Hormuz shutdown.
Germany, Austria, and Japan announced plans to release oil reserves in response to rising prices.
Iran has escalated attacks on shipping and infrastructure.
The U.N. Security Council will vote on a resolution condemning Iran.

Left

Pentagon Restricts Media

The Pentagon, under Defense Secretary Pete Hegseth, restricted media access, straining relations with mainstream news.
Photographers are barred from Hegseth briefings on Iran, replaced by a press corps aligned with U.S. President Donald Trump.
The New York Times has sued to challenge these restrictions, seeking access.
Preliminary findings indicate the U.S. military may be responsible for a bombing that killed 175 people, children among them, because targeting information was outdated.

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Schumer Urges Oil Release

Senate Minority Leader Chuck Schumer urged U.S. President Donald Trump to release oil from the Strategic Petroleum Reserve.
The conflict has disrupted about 20% of global oil supply due to the Strait of Hormuz shutdown.
Germany, Austria, and Japan announced plans to release oil reserves in response to rising prices.
Iran has escalated attacks on shipping and infrastructure.
The U.N. Security Council will vote on a resolution condemning Iran.

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