Trump suggests that the United States will use its strategic oil reserves to alleviate the impact of oil price hikes.

Trump suggested that he may use the US strategic oil reserves to alleviate the soaring oil prices caused by the Iran conflict. "We'll do that, and then we'll fill it up," Trump said. "Now, we're going to cut back a little bit, so the prices will come down." Earlier on Wednesday, members of the International Energy Agency unanimously agreed to release 400 million barrels of oil from emergency crude stockpiles to ease the soaring oil prices. The amount planned for release will be the largest in the organization's history. After a series of releases by the Biden administration, the US strategic oil reserve currently stands at around 415 million barrels, slightly higher than half of its capacity. Trump faces immense political pressure to address the issue of rising fuel prices due to soaring oil prices. The results of the midterm elections in November will largely depend on the American people's attitude towards living costs, and surveys show that the public has a low opinion of the president's economic governance.