Trump Says He Will Use 'A Little Bit' of US Strategic Oil Reserve
President Donald Trump said on Wednesday that the United States will use "a little bit" of its strategic oil reserves, after the International Energy Agency (IEA) announced that member countries would resort to these stocks because of the war with Iran. AFP "We will reduce it a little bit right now, that will bring prices down [...]
TL;DR
- The US will use a portion of its strategic oil reserves.
- This decision follows an announcement by the International Energy Agency (IEA).
- The IEA stated member countries would use stored oil due to the war with Iran.
- President Trump believes this action will lower prices.