March 12, 2026

US signals SPR swaps amid Hormuz tension, Oil prices remain supported

March 12, 2026

US signals SPR swaps amid Hormuz tension, Oil prices remain supported

In interviews with CNBC and CNN reported by Reuters, US Energy Secretary Chris Wright said that any release of Oil from the Strategic Petroleum Reserve (SPR) would likely take the form of swaps, designed to address short-term supply disruptions without direct costs to taxpayers.

In interviews with CNBC and CNN reported by Reuters, US Energy Secretary Chris Wright said that any release of Oil from the Strategic Petroleum Reserve (SPR) would likely take the form of swaps, designed to address short-term supply disruptions without direct costs to taxpayers.

Article written by AdminFF

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