Iran war: Trump will release 172 million barrels of oil from Strategic Petroleum Reserve
The U.S. currently has 415 million barrels of oil in its strategic reserve, about 58% of the authorized capacity of 714 million barrels.

The U.S. currently has 415 million barrels of oil in its strategic reserve, about 58% of the authorized capacity of 714 million barrels.
The IEA said Wednesday that its 32 member countries would release 400 million barrels of oil from emergency reserves.
The Supreme Court, in a 6-3 ruling, said President Trump was not authorized by the International Emergency Economic Powers Act, IEEPA, to impose tariffs.
Google said its GFiber unit is combing with Astound Broadband and forming a independent fiber provider.
The move comes as the Iran war continues to choke off traffic through the strategically vital Strait of Hormuz.
The Indian cabinet has approved changes to its foreign direct investment policy, allowing investments from "Land Bordering Countries."
President Donald Trump said oil companies should send tankers through the Strait of Hormuz, which has remained effectively closed due to the war on Iran.
Atlassian said it's cutting 10% of its workforce, or about 1,600 jobs, as it restructures to fund investments in artificial intelligence and enterprise sales.
"The Iranians are showing defiance by choosing the son of Khamenei," a former diplomat told CNBC.
Iran has continued to ship crude oil via the Strait of Hormuz to China even as the war between U.S.-Israel and Iran has disrupted broader energy supplies via the waterway.
Oracle bought 15% of TikTok's U.S. operations in January after China's ByteDance was forced by U.S. law to divest.
For the fiscal year to date, the deficit totaled $1.004 trillion, about 12% lower than the comparable period in 2025.
The IEA is group of 32 advanced economies primarily in Europe, North America and northeast Asia. The U.S. is a member of the organization.
Shares of Micron have skyrocketed 370% over the past year, while Sandisk is up more than 1100%.
The Iran conflict is disrupting fertilizer shipments through the Strait of Hormuz, raising supply concerns and potentially increasing global food inflation.
Oil prices above $100 per barrel, rising fuel costs for consumers and shortages of metals and petrochemicals refined in the Gulf region could hurt automakers.
A bill to increase housing supply and decrease costs is set to sail through the Senate on Thursday, but House leaders foresee further negotiations.
The consumer price index was rose 2.4% in February 2026, above policymakers' target, economists said. War in Iran complicates the picture.
Jim Cramer says Nike is still worth owning because CEO Elliott Hill's turnaround efforts have shown signs of progress.
The Social Security cost-of-living adjustment for 2027 may be 1.7% to 2.8%, according to new estimates. But that could increase if inflation climbs higher.
The next generation of Microsoft's video game hardware will first land in the hands of developers next year.
The incidents mark the latest in a string of reported attacks in or near to the Strait of Hormuz, where shipping traffic has virtually ground to a halt.
Oracle CEO Clayton Magouyrk said on an earnings call the company's model of having customers provide data chips for new data center builds is working.
President Donald Trump nominated Kevin Warsh to succeed Jerome Powell as Fed chair, but the process has been blocked amid a federal investigation into Powell.