US plans to release oil from reserve and ease shipping rules to lower fuel prices

The Trump administration is taking two major steps to try to bring down fuel prices. It plans to release 172 million barrels of oil from the country's strategic reserve and is considering suspending a century-old shipping law, known as the Jones Act, which would allow more foreign ships to transport fuel between U.S. ports.

These moves come as global oil markets face pressure. The release is part of a coordinated plan with the International Energy Agency (IEA), and easing the shipping rules is seen as a way to get fuel to where it's needed more quickly and cheaply.