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Iran has escalated its attacks aimed at generating enough global economic pain to pressure the U.S. and Israel to end the war, targeting oil fields and refineries in a handful of Gulf Arab nations.

The Trump administration plans to release 172 million barrels from the U.S. emergency oil reserve as part of the coordinated effort by nations around the world to ease surging crude and fuel prices.

House Speaker Mike Johnson sought to calm concerns about rising fuel costs, saying the recent jump in prices will recede as the conflict with Iran stabilizes.

The Iran conflict has caused major disruptions to global supply chains that experts warn could ripple down to domestic trucking.

President Trump is preparing to invoke Cold War-era powers to pave the way for renewed oil production off the Southern California coast, a long-shot bid to help ease the global crude crunch.

The Paris-based organization said it will make 400 million barrels of oil available from its members’ emergency reserves in an effort to calm surging oil prices.

The data has been overtaken by a conflict that began when the U.S. and Israel attacked Iran on Feb. 28. Gas prices have jumped sharply and are expected to fuel higher costs broadly. 

The announcement came as the White House sought to quell concerns about rising energy prices due to the war in Iran. Trump is weighing several possible options to lower the cost of oil and gasoline.

Freightliner and Western Star customers will be able to choose from six Cummins engines for model-year 2027 trucks, including the first gasoline option Freightliner will make available.

Garden Grove, Calif.-based chassis and truck manufacturer Harbinger said the truck would be available as both a battery-electric vehicle and a plug-in hybrid model.