US Considering Coordinated Release of Oil From Strategic Reserves

Energy Secretary says US may coordinate with other countries on oil reserve sales

Published on Mar. 10, 2026

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The U.S. is considering coordinating sales of oil from the Strategic Petroleum Reserve with releases from other countries, according to the Energy Secretary. This comes as markets reacted to President Trump's comments on the duration of the ongoing war.

Why it matters

A coordinated release of oil from strategic reserves could help stabilize global energy markets that have been disrupted by the ongoing conflict. The U.S. and its allies are looking for ways to mitigate the economic impacts of the war.

The details

Energy Secretary Pete Hegseth said the U.S. is considering coordinating oil sales from the Strategic Petroleum Reserve with other countries to help stabilize global energy markets. This comes as markets reacted to President Trump's recent comments on the expected duration of the war. Hegseth also stated that Tuesday will be the most intense day of strikes inside Iran so far.

  • On Tuesday, markets reacted to President Trump's comments on the war's duration.

The players

Pete Hegseth

The U.S. Energy Secretary.

Donald Trump

The President of the United States.

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What they’re saying

“The United States is winning the war with an unrelenting focus on its objectives.”

— Pete Hegseth, Energy Secretary

The takeaway

The U.S. and its allies are exploring options to stabilize global energy markets, including the potential for a coordinated release of oil from strategic reserves, as they navigate the economic impacts of the ongoing conflict.