US Oil Reserve Drops to Lowest Level Since 1982
The US emergency oil reserve has fallen to its lowest level since 1982 following years of drawdowns and the ongoing war with Iran. Experts warn that the depleted stockpile leaves Washington with fewer tools to calm global energy markets.
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The United States holds 289.7 million barrels in its Strategic Petroleum Reserve, the lowest level since 1982. Six months into the conflict involving Iran and Israel ([/country]), Washington's depleted oil stash offers less cushion to calm jittery global markets. Successive drawdowns by previous and current administrations have pushed reserves toward the absolute physical safety floor of 70 million barrels.
