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Trump Vows to Refill Oil Reserves Amid Inflation Crisis

3/13/2026

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Summary

Story summary

U.S. President Donald Trump pledged to refill the Strategic Petroleum Reserve after Joe Biden's historic SPR release to curb prices from Russia's invasion of Ukraine.
Energy Secretary Chris Wright announced a release of 172 million barrels as part of a broader coordinated effort.
The Iran war has worsened oil disruptions, impacting inflation and creating a political challenge for Trump ahead of the 2026 midterms.

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Story summary

U.S. President Donald Trump pledged to refill the Strategic Petroleum Reserve after Joe Biden's historic SPR release to curb prices from Russia's invasion of Ukraine.
Energy Secretary Chris Wright announced a release of 172 million barrels as part of a broader coordinated effort.
The Iran war has worsened oil disruptions, impacting inflation and creating a political challenge for Trump ahead of the 2026 midterms.