Why the US Strategic Petroleum Reserve matters amid US-Iran tensions
- Last month, the United States Strategic Petroleum Reserve (SPR) fell to its lowest level since 1983 as renewed tensions between the United States and Iran raised concerns about the stability of global oil supplies and prices.
- US President Donald Trump acknowledged to reporters on Wednesday that anytime the US strikes Iran, oil prices jump.
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- Last month, the United States Strategic Petroleum Reserve (SPR) fell to its lowest level since 1983 as renewed tensions between the United States and Iran raised concerns about the stability of global oil supplies and prices.
- US President Donald Trump acknowledged to reporters on Wednesday that anytime the US strikes Iran, oil prices jump.
- Recommended Stories list of 4 itemslist 1 of 4Australia to begin selling uranium to India for peaceful purposeslist 2 of 4India floods sweep away thousands of gas cylinderslist 3 of 4FIFA World Cup 2026: Ranking the eight quarterfinalists’ chances of glorylist
Sources: Al Jazeera