Iran conflict, oil and energy reserves
The US drew down its strategic oil reserve to its lowest since 1982 while Gulf exports stay resilient and US forces shift out of a UK base.
What we know
Drop Site cites Reuters that the SPR fell by about 2.7M barrels to 279.5M, the lowest since 1982. Kpler data cited shows Gulf oil exports remain resilient despite attacks on shipping and the US blockade of Iran. The WSJ reports the US moved aircraft out of another UK base over Iran threats.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.