Events Archive
strikeJul 20, 2026
US Strategic Petroleum Reserve falls to lowest since 1983 as Iran war drags on
Summary
US Strategic Petroleum Reserve falls to lowest since 1983 as Iran war drags on Washington has cut the US Strategic Petroleum Reserve to its lowest level since 1983 by releasing crude during the Iran war. The drawdown shows how fears around the Strait of Hormuz are pushing up global oil prices and American fuel costs.
Actors involved
USIsraelIranRussiaUkraine
Sources
- India Today World DeskBy India Today World Desk
US Strategic Petroleum Reserve falls to lowest since 1983 as Iran war drags on Washington has cut the US Strategic Petroleum Reserve to its lowest level since 1983 by releasing crude during the Iran war. The drawdown shows how fears around the Strait of Hormuz are pushing up glob…
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