4 days ago

Gulf crisis: US to release 172M barrels of oil from strategic reserve to reduce prices

Gulf crisis: US to release 172M barrels of oil from strategic reserve to reduce prices

Summary

The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.Read More
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AI Description

The United States plans to release 172 million barrels of oil from its strategic reserves to mitigate rising oil prices amid the Gulf crisis. This move is aimed at stabilizing the market and reducing the economic impact of the crisis.