U.S., Other Countries to Tap Strategic Oil Reserves in Bid to Tame Inflation


WASHINGTON—The U.S. and a number of other different international locations will faucet their nationwide strategic petroleum reserves, senior Biden administration officers mentioned Tuesday, in an try to convey down gasoline costs which have change into an enormous contributor to inflation.

Other international locations collaborating in the discharge embody China, India, Japan, South Korea and the U.K., the White Home mentioned. The U.S. will launch 50 million barrels, officers mentioned.



U.S., Other Countries to Tap Strategic Oil Reserves in Bid to Tame Inflation Source link U.S., Other Countries to Tap Strategic Oil Reserves in Bid to Tame Inflation

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