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US Strategic Oil Reserve Hits 1982 Lows as Hormuz Tensions Threaten Supply

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

News Summary

  • The US Strategic Petroleum Reserve dropped to 293.4 million barrels, its lowest level since 1982.
  • Severe supply risks persist due to an ongoing standoff with Iran and Strait of Hormuz disruptions, raising concerns over cavern integrity and limited future emergency capacity.
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