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Sat · 15 Aug 2026

Oil Prices Resilient Despite Five Months of US-Iran War — Here's Why

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Oil Prices Resilient Despite Five Months of US-Iran War — Here's Why

🛢️ MARKETS — Strategic reserves masked the shock. Now they're nearly gone. 📌 LOOK CLOSER: SPR releases and demand destruction absorbed the first phase. But reserves are flagging across IEA members, Hormuz is near-sealed, Houthi blockade adds Red Sea closure, and floating LNG storage is immobilized. The buffer that kept Brent below $100 is exhausted. The next supply disruption has nowhere to hide.