Us Department Of Energy

Energy, Oil & Gas

US loans 8.5 million barrels of SPR oil in second batch since Iran war

Sun, 12 Apr 2026

The US Department of Energy said it had loaned 8.48 million ‌barrels of crude oil from the Strategic Petroleum Reserve to four oil companies, the second allotment under the Trump administration's effort to curb fuel prices that have surged during the US-Israeli war on Iran.