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The global oil market is facing a severe crisis due to the ongoing American-Iranian war and its repercussions. Strategic reserves have been significantly depleted, with approximately 2.6 billion barrels lost since the start of the conflict— the largest drop since the Iranian Revolution in 1979. Data shows that the supply-demand gap reaches around 5 million barrels per day, and reliance is placed on government stockpiles that are only sufficient to cover the shortfall for up to 180 days. Meanwhile, the infrastructure of the U.S. emergency reserves has deteriorated to its lowest level since 1983. In this context, experts warn that depleting these reserves could lead to a sharp increase in oil prices if the crisis persists.
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