US to loan 53.3 million barrels of oil from Strategic Petroleum Reserve

ReutersMay 11, 2026 8:14 PM

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May 11 (Reuters) - The Trump administration said on Monday it will loan energy companies 53.3 million barrels of crude from the U.S. Strategic Petroleum Reserve as part of a global agreement to calm oil markets that have spiked on the U.S.-Israeli war with Iran.

The Department of Energy last month offered up to 92.5 million barrels from the reserve.

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