US is to release 172mln barrels of crude from strategic petroleum reserve, according to Energy Department

• Release will begin next week, with delivery expected to take around 120 days based on planned discharge rates, while the US will replace reserves by 20% more than what will be withdrawn.
• SPR release is part of the broader coordinated crude oil release from IEA member countries in response to the Iran war.

The announcement of a 172 million barrels release from the U.S. Strategic Petroleum Reserve aims to stabilize market conditions amid geopolitical tensions related to the Iran war. This coordinated effort with IEA members suggests a significant supply-side intervention that could pressure oil prices, particularly impacting WTI and Brent futures. The commitment to replenish reserves beyond what is withdrawn signals a long-term strategy to manage supply without compromising U.S. energy security.