US not planning to tap strategic reserve as Iran war risks oil surge, FT says
ReutersMar 1, 2026 12:08 AM
Feb 28 (Reuters) - The U.S. is not considering releasing oil from its strategic petroleum reserve in the aftermath of strikes on Iran, the Financial Times reported on Saturday, citing a Department of Energy official familiar with the matter.
There have been "no discussions at all about the SPR," the official told the FT, when questioned about steps the Trump administration had taken to avert a spike in crude oil prices.
Reuters could not immediately verify the report.
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