23 Hrs
Source:
شبكة فلسطين الإخبارية
US Strategic Oil Reserve Hits 1983 Low
The United States' strategic oil reserve has fallen to its lowest level since 1983, reaching approximately 304.8 million barrels during the last week of July. This decline is due to the large-scale withdrawals to compensate for disruptions in global oil supplies caused by American and Israeli attacks on Iran, which have resulted in a loss of about 20 million barrels per day in supply. In light of these events, the United States and Israel have conducted military operations against Iran since February 2026, leading to widespread disturbances in the global oil market. Although some of the shortfall has been compensated for through Gulf pipelines, markets worldwide are still facing a significant shortage. Washington plans to continue drawing from the reserve, which is expected to drop to its lowest level since records began in 1982, in an effort to stabilize the market and mitigate the crisis's impacts.
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