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The move comes as the U.S. and Israel’s war in Iran has sent oil prices soaring, with a key choke point effectively blocked.
President Donald Trump on Thursday seemingly dismissed the market disruptions having a dramatic impact on the U.S. economy.
Trump’s vaunted “energy dominance” team is in danger of fumbling the biggest energy crisis of his second term, critics say.
The president did not specify how much oil his administration would release or the timing of the move.
The International Energy Agency announced the release of 400 million barrels of oil in response to price shocks from the Iran war.
Getting data centers to generate their own electricity may ease one obstacle to public acceptance of data centers. But it creates new hurdles.
Energy Secretary Chris Wright claimed in a now-deleted social media post that the Navy escorted an oil tanker through the Strait of Hormuz.