A specialist clarifies why the distribution of IEA petroleum stockpiles will fail to resolve the issue
President Donald Trump declared that the U.S. profits when crude oil costs rise, given its standing as the foremost global petroleum producer. Nonetheless, he underscored that preventing Iran from acquiring atomic armaments held greater significance.
“The United States is the paramount Oil Producer globally, by a considerable margin, so when petroleum prices ascend, we accrue substantial profits,” the president communicated in a Thursday Truth Social dispatch.
“HOWEVER, of vastly superior concern and weight to me, in my capacity as President, is halting a malevolent regime, Iran, from possessing Nuclear Weapons, and thereby devastating the Middle East and, indeed, the World. I shall absolutely not permit that occurrence! I thank you for your consideration of this subject,” he appended.
TRUMP HAILS ‘MONUMENTAL’ $300B TEXAS PROCESSING FACILITY AS THE INITIAL NEW U.S. INSTALLATION IN ALMOST FIVE DECADES
President Donald Trump delivers an address during a press conference at Trump National Doral in Miami, Florida, on March 9, 2026. (SAUL LOEB / AFP via Getty Images / Getty Images)
Fuel costs have been escalating throughout the conflict, with AAA’s countrywide mean price for standard gasoline presently standing at $3.598.
America intends to dispense several million barrels of petroleum from its National Oil Stockpile during the coming week.
“Earlier today, 32 constituent countries of the International Energy Agency collectively consented to President Trump’s appeal to mitigate energy prices through a synchronized distribution of 400 million barrels of petroleum and processed fuels from their individual stockpiles,” Energy Secretary Chris Wright announced in a Wednesday declaration.
A diesel fuel pump at a Chevron service station in Seattle, Washington, on Monday, March 9, 2026. (M. Scott Brauer/Bloomberg via Getty Images / Getty Images)
“In furtherance of this endeavor, President Trump sanctioned the Department of Energy to issue 172 million barrels from the Strategic Petroleum Reserve, commencing in the upcoming week. This supply will necessitate approximately 120 days for distribution, according to projected offloading speeds,” Wright observed.
“In contrast to the preceding administration, which rendered America’s petroleum reserves depleted and impaired, the United States has made provisions to amply replenish these national stockpiles with approximately 200 million barrels over the coming year — a quantity 20% greater than will be extracted — and entirely without expense to the public,” he stated in the declaration.
IRAN WARNS OF $200 CRUDE BARRELS AS U.S. GIRDS FOR SUBSTANTIAL DEPLOYMENT OF URGENT PETROLEUM STOCKPILES
U.S. Energy Secretary Chris Wright attends a working luncheon at the “Shield of the Americas” Summit at Trump National Doral in Miami, Fla., on March 7, 2026. (Rebecca Blackwell / POOL / AFP via Getty Images / Getty Images)
Presidential spokesperson Karoline Leavitt informed Fox News on Thursday that the administration “is evaluating suspending the Jones Act for a restricted duration to guarantee that crucial fuel commodities and farming essentials move unimpeded to American harbors.”
Tehran’s government has cautioned about escalated petroleum costs as it menaces merchant vessels in the Hormuz Strait.
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“Prepare for crude reaching $200 a barrel, as the petroleum cost is contingent upon regional stability, which you have unsettled,” Iranian military command spokesperson Ebrahim Zolfaqari cautioned in remarks aimed at Washington, Reuters relayed.
Patrick Ward of Fox News assisted with this dispatch.