US Treasury Secretary Yellen said that the Russian-Ukrainian conflict also revealed the need for strategic global participation. The outbreak of the conflict caused economic shocks, such as the record oil prices in June 2022. Domestically, we helped meet our short-term needs by releasing strategic oil reserves and record domestic oil and gas production. But that's not enough to keep the global energy market well-supplied, and not enough to withstand threats.

US Treasury Secretary Yellen said that the Russian-Ukrainian conflict also revealed the need for strategic global participation. The outbreak of the conflict caused economic shocks, such as the record oil prices in June 2022. Domestically, we helped meet our short-term needs by releasing strategic oil reserves and record domestic oil and gas production. But that's not enough to keep the global energy market well-supplied, and not enough to withstand threats.