The United States and other countries, in a coordinated initiative presented as unprecedented by the Americans, will use their strategic oil reserves to try to lower the price of black gold, the White House announced on Tuesday.
The world’s leading economic power, for its part, will market 50 million barrels of oil, according to a press release.
By increasing supply, the United States and other states hope to mechanically lower prices.
This operation is being done in parallel with other states that are large consumers of black gold, in particular China, India, Japan, South Korea and the United Kingdom, according to the White House.
A senior official in the US administration assured that such coordination was a first.
Soaring prices at the gasoline pump in the United States are a major political problem for President Joe Biden.
His attempts to pressure producing countries, especially Saudi Arabia, to increase their supply have so far failed.