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400 million barrels of oil to be released from strategic reserves as Iran targets commercial ships

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400 million barrels of oil to be released from strategic reserves as Iran targets commercial ships

Attacks on multiple commercial ships in the waters around Iran on Wednesday increased global energy concerns, pushed nations to unleash strategic oil reserves and sparked fresh critiques of the Trump administration’s readiness for a war it started.

As Trump administration and U.S. military officials continued to claim increasing success and advantage in the conflict, leaders around the world scrambled to respond to the latest attacks and the International Energy Agency’s call for the largest ever release of strategic oil reserves by its members to help stem energy price spikes.

In an address Wednesday morning, IEA Executive Director Fatih Birol said energy shipments through the Strait of Hormuz had “all but stopped” amid the conflict, driving massive global competition for oil and gas in wealthier countries and fuel rationing in poorer nations.

He said the IEA’s 32 member nations have brought a “sense of urgency and solidarity” to recent discussions on the matter, and had unanimously agreed to “launch the largest ever release of emergency oil stocks in our agency’s history,” making 400 million barrels of oil available.

However, he said the most needed change is the “resumption of traffic through the Strait of Hormuz.”

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A vendor pumps petrol from Iranian fuel oil tankers for resale near the Bashmakh border crossing between Iraq and Iran.

(Ozan Kose / AFP/Getty Images)

Several countries, including Germany, Austria and Japan, had already confirmed their plans to release reserves.

The White House did not immediately respond to a request for comment on any U.S. plans to release its strategic reserves, or how much would be released. The U.S. is an IEA member.

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However, U.S. Interior Secretary Doug Burgum backed the idea of releasing oil reserves in a Fox News interview.

“Certainly these are the kinds of moments that these reserves are used for, because what we have here is not a shortage of energy in the world; we’ve got a transit problem, which is temporary,” Burgum said. “When you have a temporary transit problem that we’re resolving militarily and diplomatically — which we can resolve and will resolve — this is the perfect time to think about releasing some of those, to take some pressure off of the global price.”

Burgum said that while Iran is “holding the entire world hostage economically by threatening to close the strait,” President Trump has made the consequences of such actions “very clear,” and “there’s a lot of options between ourselves and our allies in the region, including our Arab friends in the region, to make sure that those straits keep open and that energy keeps flowing for the global economy.”

While some tankers believed linked to Iran were still getting through the Strait of Hormuz, which under normal circumstances carries 20% of the world’s oil and natural gas, Iranian officials threatened attacks on other vessels — saying they would not allow “even a single liter of oil” tied to the U.S., Israel or their allies through the channel, which connects to the Persian Gulf.

Trump has repeatedly claimed that the U.S. and its powerful Navy would support commercial vessels and ensure the strait remains open to oil shipments, but that has not been the case.

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Gas tankers sit offshore.

Tankers wait off the Mediterranean coast of southern France on Wednesday.

(Thibaud Moritz / AFP/Getty Images)

The United Kingdom Maritime Trade Operations center, run by the British military, has reported at least three ships struck in the region Wednesday — including ships off the United Arab Emirates and a cargo ship that was struck by a projectile in the strait just north of Oman, setting it ablaze.

The Trump administration and the U.S. military, meanwhile, have been pushing out messaging about wiping out Iran’s ability to plant mines in the strait — posting dramatic videos of major strikes on tiny boats on small docks.

Adm. Brad Cooper, the leader of U.S. Central Command, said in a video posted to X on Wednesday morning that “in short, U.S. forces continue delivering devastating combat power against the Iranian regime.”

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“I’ve said this before, but it bears repeating: U.S. combat power is building, Iranian combat power is declining,” he said.

The U.S. has struck more than 60 Iranian ships, and just “took out the last of four Soleimani-class warships,” he said. “That’s an entire class of Iranian ships now out of the fight.”

Cooper said Iranian ballistic missile and drone attacks have “dropped drastically” since the start of the war, though “it’s worth pointing out that Iranian forces continue to target innocent civilians in gulf countries, while hiding behind their own people as they launch attacks from highly populated cities in Iran.”

He also addressed the attacks on commercial shipping in the region directly, saying that “for years, the Iranian regime has threatened commercial shipping and U.S. forces in international waters,” and that the U.S. military’s “mission is to end their ability to project power and harass shipping in the Strait of Hormuz.”

Other U.S. leaders called the U.S. war plan — and specifically its approach to protecting the Strait of Hormuz — into question.

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In a series of posts to X late Tuesday, which he said followed a two-hour classified briefing on the war, Sen. Chris Murphy (D-Conn.) slammed the administration’s plans as “incoherent and incomplete.”

Murphy wrote that the administration’s goals for the war seemed to be focused primarily on “destroying lots of missiles and boats and drone factories,” and without a clear plan for what to do when Iran — still led by “a hardline regime” — begins rebuilding that infrastructure, other than to continue bombing them. “Which is, of course, endless war,” he wrote.

Murphy also specifically criticized the administration’s plan for the Strait of Hormuz — which he said simply doesn’t exist.

“And on the Strait of Hormuz, they had NO PLAN,” he wrote. “I can’t go into more detail about how Iran gums up the Strait, but suffice it say, right now, they don’t know how to get it safely back open. Which is unforgiveable, because this part of the disaster was 100% foreseeable.”

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Video: Steve Hilton Holds Slim Early Lead in California Governor’s Race

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Video: Steve Hilton Holds Slim Early Lead in California Governor’s Race

new video loaded: Steve Hilton Holds Slim Early Lead in California Governor’s Race

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transcript

Steve Hilton Holds Slim Early Lead in California Governor’s Race

Steve Hilton, a Republican and former Fox News host, held a narrow lead in early votes over two Democratic opponents in California’s nonpartisan primary for governor. The top two candidates will advance to the general election in November.

“Change is coming to California, and it’s long overdue. I want to just say something from my heart to every single person who’s voted for me. We’re not — We’re not there yet, but it’s looking good.” [cheers] “Tonight, the people of the great state of California, in the greatest nation on earth, have spoken. [cheers] Loudly and proudly. [cheers] And while I take nothing for granted, there are lots of ballots left to be counted, it appears that we are on track to advance to November.” [cheers] “It might take some time to figure out where this is going. We’re going to wait until every ballot is counted. We’re going to give democracy a time to work, and we know we finished really strong.” [cheers]

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Steve Hilton, a Republican and former Fox News host, held a narrow lead in early votes over two Democratic opponents in California’s nonpartisan primary for governor. The top two candidates will advance to the general election in November.

By Axel Boada

June 3, 2026

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Spencer Pratt surges to runoff in LA mayor’s race after angry voters send message to Karen Bass

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Spencer Pratt surges to runoff in LA mayor’s race after angry voters send message to Karen Bass

NEWYou can now listen to Fox News articles!

Reality television personality Spencer Pratt appears on track to clear a key hurdle in Los Angeles’ mayoral race as he seeks to unseat incumbent Mayor Karen Bass in November.

Bass, who has led the city since 2022 amid a turbulent stretch rocked by her response to wildfires, advanced to a runoff after failing to secure a majority of the vote in Tuesday’s primary election. With no candidate surpassing the 50% threshold, the top two finishers will face off in a November runoff.

The anticipated runoff is a symbolic blow to Bass, who was endorsed by Gov. Gavin Newsom, D-Calif., and former Vice President Kamala Harris and has spent decades serving California in a series of elected Democratic offices.

Pratt, a first-time candidate known for the MTV reality show “The Hills,” was running in second place as of Wednesday morning.

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Los Angeles Mayor Karen Bass attends the Women for Bass Phone bank event in the Baldwin Hills area of Los Angeles on June 1, 2026. (Louise Barnsley/Splash for Fox News Digital)

REALITY TV STAR SPENCER PRATT TESTS LA VOTERS’ APPETITE FOR POLITICAL OUTSIDER

“Obviously, God wanted five more months of me exposing the failures of our mayor,” Pratt gloated to reporters as the returns came in Tuesday evening. 

Pratt has relentlessly hammered Bass on issues that have long plagued the city, including fire recovery, street homelessness and crime. The insurgent candidate holds Bass personally responsible for devastating wildfires that destroyed more than 18,000 structures in the city, including his Pacific Palisades home. 

Pratt’s surge appears to have shut out Los Angeles City Council member Nithya Raman, a former ally of Bass who challenged the incumbent from the left and was once viewed as a threat to her bid for a second term. Raman is a member of the Democratic Socialists of America and has argued for steering the city in a more progressive direction.

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Raman has not yet conceded despite running well behind Bass and Pratt as of Wednesday morning.

Pratt, a registered Republican, faces an uphill battle to defeat Bass in November if he advances to the runoff election.

Less than 20% of voters in the heavily Democratic city identify with the GOP, though Los Angeles’ mayoral contest is officially nonpartisan. 

Media personality and independent candidate Spencer Pratt, left, pictured alongside LA mayor Karen Bass, right. (Robert Gauthier/Los Angeles Times via Getty Images; Justin Sullivan/Getty Images)

KAREN BASS GRILLED OVER BROKEN HOMELESSNESS PROMISE, BLAMES BUREAUCRACY FOR SLOWED PROGRESS

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Rep. Darrell Issa, R-Calif., who represents a San Diego-anchored seat, told Fox News Digital that Pratt has won a following in the mayoral contest due to widespread voter discontent with Bass’ leadership.

“He’s catching fire among ardent historic Democrat voters because Karen Bass has been so ineffective,” Issa said in an interview. “And every time she opens her mouth, she’s talking about more of the same to people who have seen their streets, both crime-ridden and in fact … ineffectively managed.” 

Bass, conversely, argues that her leadership is leading Los Angeles in the right direction.

“Los Angeles is at a turning point. After decades of rising homelessness, under-built housing and a shrinking police force, it’s Mayor Karen Bass who finally stepped up to change how City Hall works,” Bass’s website reads.

Los Angeles City Councilmember Nithya Raman appears likely to finish in third place, keeping her out of the November runoff. (Eric Thayer/Getty Images)

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“Homelessness is down, more housing is being built, and the LAPD is hiring new officers,” it also claims.

Fox News Digital’s Leo Briceno contributed reporting.

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Early returns indicate L.A. County voters have doubts about healthcare sales tax measure

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Early returns indicate L.A. County voters have doubts about healthcare sales tax measure

Los Angeles County’s half-cent sales tax to fund healthcare services was trailing Tuesday, with early returns showing a majority of voters rejecting the measure.

The tax — a half-penny of every dollar spent in the county — is meant to prop up local hospitals and clinics that are hemorrhaging funding after recent federal cuts.

The sales tax, which needs a simple majority to pass, would take effect Oct. 1 and last five years. Officials say it would pull in $1 billion annually to help plug the budget holes hitting local hospitals and clinics.

L.A. County health officials anticipate the One Big Beautiful Bill Act, signed into law by President Trump last summer, will slash more than $2 billion from the county’s health services budget within the next three years. Due to eligibility changes, the county will no longer be able to get reimbursements for many Californians who have lost Medi-Cal.

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The measure was championed by a coalition of healthcare advocates called Restore Healthcare for Angelenos who warned that mass layoffs and emergency room closures could be imminent if new funding didn’t come fast. The Department of Public Health recently closed seven clinics — a grim sign, supporters said, of service cuts to come.

Voters haven’t rejected a sales tax hike since 2012, when a transportation measure fell just short with 66.1% support. It needed 66.7% to pass.

A majority of county supervisors had supported the new tax proposal, voting 4 to 1 this February to put it on the ballot. But the measure faced significant opposition from local cities, with opponents arguing the sales tax hike would unfairly burden the poorest county residents and encourage people to spend their dollars across the county line.

Supervisor Kathryn Barger, the board’s lone opponent of the tax, said she was concerned it was a “general” tax, meaning the money wouldn’t be earmarked for healthcare costs. Instead, she argued, politicians would have final say over how the money gets spent.

The supervisors have created a plan for spending the tax money, with the largest chunk of the money meant to cover the costs for patients without insurance. The measure also asked voters to sign off on a nine-member oversight committee.

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The county currently has a base sales tax rate of 9.75%, and cities impose local taxes on top of that.

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