Iran war: Trump says he'll tap Strategic Petroleum Reserve to cut energy costs - CNBC

The administration announced a large Strategic Petroleum Reserve release to help lower energy costs and said it would refill the reserve later; the U.S. reserve currently holds roughly 415 million barrels. That supply action complements talks about temporarily suspending the federal gas tax, a proposal that would need congressional approval and faces enforcement challenges to ensure consumer savings. While these combined measures aim to reduce pump prices, officials and analysts caution they may not fully stabilize markets if broader supply disruptions continue.