Iran War Drains US Oil Reserves

(click to enlarge) The U.S. Strategic Petroleum Reserve remains one of Washington’s most important tools for managing energy-market disruptions, but the Iran war has exposed both its value and its limitations. Following years of drawdowns, the reserve stands at a historically low level, leaving policymakers with a smaller cushion than in past crises. Though emergency releases have helped offset supply losses and calm markets during disruptions to shipping through the Strait of Hormuz, the SPR cannot fully compensate for prolonged interruptions to normal Gulf energy flows. Even as the recent U.S.-Iran agreement has allowed some tanker traffic to resume, the […] The post Iran War Drains US Oil Reserves appeared first on Geopolitical Futures .