Today’s headlines: Oil reserves released, global storage deployment surges, and more

This roundup of U.S. energy news headlines is part of our Canary Media Daily newsletter. Sign up to get it in your inbox each morning.

IRAN

• The Trump administration says it will release 172 million barrels of crude oil from the Strategic Petroleum Reserve — about 40% of its supply — in an attempt to curb rising prices. (Axios)

• Three oil tankers moving through the Strait of Hormuz are struck by projectiles as Iran continues to block shipping through the vital waterway. (CNBC)

• Energy experts say the Trump administration underestimated how its attack on Iran would upend oil prices, and is now responding inadequately to the situation. (Politico)

STORAGE

• A new Wood Mackenzie report finds global deployment of long-duration energy storage surged 49% from 2024 to 2025, with China dominating most of that build-out. (Utility Dive)

NUCLEAR

• Nuclear industry officials around the world say they’ll look to capitalize on rising fossil fuel prices to drive an industry ​“renaissance,” though nuclear investments aren’t a viable short-term solution to the oil and gas crisis. (Financial Times)

COAL

• Washington state’s governor signs a law to heavily tax electricity generated by the Centralia coal plant, making it unlikely to run despite the Trump administration ordering it to stay open past its planned December 2025 retirement. (Heatmap)

CLIMATE

• New York Gov. Kathy Hochul (D) says she’ll seek to extend the timeline for the state to meet its emissions-reduction goals. (E&E News)

DECARBONIZATION

• Green cement startup Sublime Systems lays off two-thirds of its workforce after losing a federal grant — potentially throwing a wrench into its plans to build a manufacturing facility and supply Microsoft. (Bloomberg)