‘Incontrovertible evidence that this [war] has been a strategic disaster for Russia’ – White House
3.15pm EDT
15:15
Biden: Putin may be in ‘self-isolation’
2.48pm EDT
14:48
Romney: $10bn ‘agreement in principle’ over Covid relief
1.56pm EDT
13:56
Biden confirms draw on oil reserves to lower gas prices
11.44am EDT
11:44
Pelosi wants inquiry on Russia’s ‘crimes against children’
9.33am EDT
09:33
Oil prices plunge as Biden mulls 180m barrel release
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1.56pm EDT
13:56
Biden confirms draw on oil reserves to lower gas prices
Joe Biden says his plan to release 1m barrels daily from the US strategic oil reserves will: “Ease the pain families are feeling right now, end this era of dependence and uncertainty and lay a new and new foundation for true and lasting American energy independence.”
The president is speaking live at the White House to announce the move, which he said would last up to six months and which will represent the largest ever draw ever on the country’s emergency supplies.
“I know how much it hurts,” he said of rising gas prices that have followed the decision by the Russian president Vladimir Putin to invade Ukraine.
“Putin’s price hike is hitting Americans at the pump.”
