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War & Conflict20h 23m ago

The U.S. Strategic Petroleum Reserve has fallen to 340.3 million barrels as of June 12, its lowest level since 1983.

U.S.

Who
U.S., Iran, Exxon senior vice president Neil Chapman, Rapidan Energy president Bob McNally, Kpler director of commodity research Matt Smith, President Donald Trump
What
The U.S. Strategic Petroleum Reserve has fallen to 340.3 million barrels as of June 12, its lowest level since 1983.
When
Mon, 15 Jun 2026 20:46:21 GMT · 20h 23m ago
Where
U.S. ·
Why
Emergency stocks are being released to ease supply disruption triggered by the Iran war.
The Frontline Impact

How this affects you

Global oil inventories are rapidly depleting, and the U.S. Strategic Petroleum Reserve is at its lowest level in over 40 years, raising concerns about potential oil price spikes and supply stability even with an upcoming deal between the U.S. and Iran.

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