President Joe Biden orders ‘unprecedented’ launch of US oil reserves.
Gasoline costs have risen sharply since Russia invaded Ukraine, and People are feeling the pinch on the pump.
With mid-term elections simply months away, United States President Joe Biden is beneath rising stress to deliver down excessive vitality costs. And he’s making an attempt to try this by rising provide.
The president has ordered the discharge of at the least 180 million barrels of oil from the US’s strategic reserves over the subsequent six months; that’s the most important launch of oil reserves because the nation’s stockpile was created greater than 46 years in the past.
Elsewhere, we have a look at India, which is imposing a tax on cryptocurrency earnings.