Strategic Petroleum Reserve Tapped in Global Crises. President Trump confirmed the U.S. will release oil from its Strategic Petroleum Reserve to help control prices amid Middle East tensions. The SPR currently holds 415.4 million barrels stored in salt caverns along Texas and Louisiana coasts. Historically, U.S. presidents have deployed this emergency resource during major geopolitical disruptions. President Biden released 180 million barrels after Russia's Ukraine invasion in 2022, the largest drawdown ever. President Obama released 30 million barrels during Libya's civil war in 2011. President George H.W. Bush authorized sales totaling approximately 34 million barrels following Iraq's invasion of Kuwait in 1990-1991. These strategic releases aim to stabilize global oil markets and prevent price spikes that could damage economies during conflicts.
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