America's oil reserves reach four-decade lows

The United States' stockpile of strategic petroleum reserves has been reduced to its lowest level since 1983, falling to 340.3 million barrels after a withdrawal of 8.9 million barrels last week. This reflects the ongoing policy under the Trump administration of drawing down reserves to counter the repercussions of the war with Iran and to boost energy prices, with a decrease of approximately 75 million barrels (18%) since the start of the war in February.

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