US Military: Iran Is Losing Air Capability; US Releasing 172 Million Barrels of Strategic Oil Reserves | NTD Good Morning (March 12)

U.S. Central Command says Iran is losing air capability day by day, after releasing footage on March 11 showing strikes on three Iranian aircraft. CENTCOM says U.S. forces aren’t just defending against Iranian threats, but methodically dismantling them. President Donald Trump added that the United States is striking the Iranian regime “harder than virtually any country” has been hit in history, and it’s not done yet.

Tensions in the Strait of Hormuz are in the spotlight. The Trump administration is tapping into the Strategic Petroleum Reserve to ease rising gas prices amid the war with Iran. The Department of Energy announced 172 million barrels of oil will be released beginning next week. Energy Secretary Chris Wright says it will take approximately 120 days to deliver based on planned discharge rates.

The Trump administration has launched new trade investigations under the Trade Act. Trade Representative Jamieson Greer said the probes will examine excess industrial capacity in 16 major trading partners. The investigations will determine whether foreign policies and practices are unfairly displacing U.S. manufacturing and restricting commerce. A second investigation will focus on imports produced with forced labor, targeting roughly 60 countries.