(Bloomberg) — The Trump administration isn’t actively considering an immediate release of oil from the national petroleum reserve in response to the Iran crisis that has sent oil prices higher, according to a person familiar with deliberations within the White House.Oil prices jumped almost 5% in New York and London after a U.S. airstrike killed General Qassem Soleimani, one of Iran’s most powerful generals. Although President Donald Trump has the Strategic Petroleum Reserve at his disposal to offset potential supply disruptions, no talks have taken place within the administration about selling some of the stockpiled crude, said the person who …read more
Source:: Yahoo Finance
