```If the disruption in Saudi Arabia is prolonged, "sanctioned Iran supplies are another source of potential additional oil," Bordoff said. "But [US President Donald] Trump has already shown he is willing to pursue a maximum pressure campaign even when oil prices spike. If anything, the risk of tit-for-tat regional escalation that pushes oil prices even higher has gone up significantly."
US Energy Secretary Rick Perry "stands ready" to tap the country's Strategic Petroleum Reserve to steady oil markets if necessary, a department spokesperson said in a statement. The country's backup oil reserves, which are held in storage for emergencies, hold 630 million barrels of crude, an Energy Department official said.```
