Title: US Strategic Petroleum Reserve Approaches Three-Year Low

The United States’ crude oil buffer is depleting rapidly as the conflict in Iran continues. The nation’s emergency petroleum stockpile, referred to as the Strategic Petroleum Reserve, has fallen to its lowest levels since mid-2023. This decline follows the Biden administration’s decision to release SPR barrels to cushion the effect of oil price spikes caused by the Russia-Ukraine war. Meanwhile, the global oil supply chain grows increasingly fragile with every day the Strait of Hormuz remains shut. (Source: Bloomberg)

Source: Bloomberg Generated at: 2026-06-04 18:57:23 UTC