InternationalNewsAPI
Trump will tap oil reserve as Iran war drives up gas prices - Axios
Overview
The administration authorized a release of 172 million barrels from the Strategic Petroleum Reserve to ease near-term price pressure after crude spiked above $100 per barrel. Officials have paired that supply move with discussions of a gas-tax pause and the president's directive for the Justice Department to probe whether oil companies are keeping pump prices high despite falling wholesale costs. Despite the SPR release, pump prices have climbed past $4 per gallon, and experts say these steps together may offer only limited near-term relief.
Entities
ORGAxiosORGStrategic Petroleum ReserveORGDepartment of Energy
Relationship Graph
Click a connection line between nodes to view confidence and evidence.
Nodes: 20 · Connections: 19
Caused by
Led to
Related to
Same event
Press enter or space to select a node. You can then use the arrow keys to move the node around. Press delete to remove it and escape to cancel.
Press enter or space to select an edge. You can then press delete to remove it or escape to cancel.
Click a connection for evidence · click a node to open it
Select a connection to see why these events are linked.