The U.S. government will loan 53 million barrels of oil from the Strategic Petroleum Reserve (SPR) to petroleum companies in a bid to relieve elevated gas and oil prices amid the conflict with Iran.

In a news release on Monday, the Department of Energy (DOE) announced it would release the crude oil from its sites in Louisiana and Texas to contribute to the International Energy Agency's (IEA's) move to stabilize the price of oil, which has often risen above $100 per barrel since the conflict started on Feb. 28.

As of Tuesday morning, the price for a barrel of Brent crude oil rose slightly to $108.

"Deliveries will begin immediately as the Department continues to move swiftly to address short-term supply disruptions and strengthen U.S. energy security," the agency said in a statement, adding that petroleum companies "may begin scheduling deliveries immediately."

Quote from: Herman on May 12, 2026, 06:31:00 PMExtending this war will be the reason the Republicans lose the House in November.

Even it reaches a better outcome, unless it ends soon it will mean a certain Democrat win in Novemeber. And that will mean impeachment is their priority.

Quote from: Thiel on Today at 02:43:53 PMEven it reaches a better outcome, unless it ends soon it will mean a certain Democrat win in Novemeber. And that will mean impeachment is their priority.

The odds are they would win anyway. Midterms usually aint kind to sitting presidents.

Quote from: Thiel on Today at 02:43:53 PMEven it reaches a better outcome, unless it ends soon it will mean a certain Democrat win in Novemeber. And that will mean impeachment is their priority.

We keep the house and extend our lead. IF the democRATs were to win, impeachment would mean NOTHING just like the last 2 times. They could impeach Trump every week and it wouldnt do a motherfukin thing. FACT!