Here’s the whole story from the Department of Energy:

U.S. President Donald Trump requested that the International Energy Agency (IEA) conduct a coordinated release of oil from strategic reserves to combat soaring energy prices.The IEA's 32 member nations unanimously agreed to this request, announcing a historic release of 400 million barrels of oil and refined products from their national stockpiles. As part of this international effort, President Trump authorized the U.S. Department of Energy to release 172 million barrels from the U.S. Strategic Petroleum Reserve (SPR).