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Trump Unleashes 172 Million Barrels from SPR Amid Price Surge

3/14/2026

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Summary

Story summary

U.S. President Donald Trump announced the release of 172 million barrels from the U.S. Strategic Petroleum Reserve (SPR), to run starting next week over 120 days.
It is the second-largest SPR withdrawal in history, following President Joe Biden's 2022 withdrawal of 180 million barrels.
Analysts say the move will have limited impact on prices, and crude prices have risen about 17% since the announcement due to Strait of Hormuz disruptions.

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Story summary

U.S. President Donald Trump announced the release of 172 million barrels from the U.S. Strategic Petroleum Reserve (SPR), to run starting next week over 120 days.
It is the second-largest SPR withdrawal in history, following President Joe Biden's 2022 withdrawal of 180 million barrels.
Analysts say the move will have limited impact on prices, and crude prices have risen about 17% since the announcement due to Strait of Hormuz disruptions.