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US Oil Reserve Hits 43-Year Low as Mideast Tensions Spike Prices

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • US SPR fell to a 43-year low of 298.7M barrels amid Iran-Israel conflict and stalled Mideast cease-fire talks.
  • Degraded infrastructure limits refill/drawdown capacity, raising inflation and oil supply risk despite reserve still above statutory minimums.
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