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US’ strategic oil reserves at risk as Iran war prolongs? Trump says this on Russian oil to India. . .

videosPublished on Mar 08, 2026 3:14 PM IST
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In an interview, Trump said there is “a lot of oil out there” and downplayed gasoline price spikes, saying “if they rise, they rise” and insisting markets will “heal very quickly” after the war. Asked about using the Strategic Petroleum Reserve, he said he rebuilt it after Biden and would refill it again “at the appropriate time,” calling that a “gut instinct” decision, and did not announce any drawdown now.

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