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Energy Secretary Chris Wright said Wednesday the International Energy Agency "unanimously" agreed to President Trump's request to coordinate the release of 400 million barrels of oil and refined products from its reserves.
Why it matters: Consumers are seeing significant price jumps at the pump — and Republicans recognize offsetting that increase is crucial ahead of the 2026 midterm elections.
Reality check:The reserve sits near its lowest levels in decades and as of March 6, it holds about 415 million barrels of oil.
That could fill about 630 million sedans if all of it were refined into gasoline.
Trump's plan accounts for 41.4% of the current reserve.
The latest: Despite the IEA's agreement, oil prices jumped again overnight.
For the sake of humanity, all nations should unite to crush Iran Islamists once and for all. China should join in! Iran can supply arms to Xinjiang rebels