Iranian Official Questions US Oil Release Amid Strait of Hormuz Claims
An Iranian parliament member has questioned the US decision to release 40 million barrels of oil from its strategic reserves, citing America's claim that it controls the Strait of Hormuz. Ebrahim Rezaei, a member of the National Security and Foreign Policy Commission, made this statement on the 'X' platform. He asked why the US released oil if it indeed controls the strait through which oil flows.
The US Department of Energy announced the release of up to 40 million barrels from the Strategic Petroleum Reserve in an effort by President Donald Trump's administration to curb rising fuel prices and contain inflation before the congressional midterm elections. The announcement was made less than two months before the elections, as reported by Bloomberg.