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The US Department of Energy has stated that the Trump administration has proposed lending nearly one-third of the country's 1 million barrels of emergency heating oil reserves to curb soaring oil prices. Affected by the supply disruption in the Middle East caused by the Iran War, diesel prices have reached a historic high of over $6.50 per gallon. US Energy Secretary Wright stated that the government is committed to making every effort to reduce energy costs. The US Department of Energy will launch a loan bidding process for fuel retailers and end holders to ensure that fuel flows to areas facing shortages.