US Strategic Petroleum Reserve Hits Lowest Level Since 1983
🛢️ ENERGY — The US entered this war with its buffer nearly empty. Now the bill arrives. 📌 LOOK CLOSER: SPR depletion predates the conflict but the timing is brutal: with Hormuz only conditionally reopened and Gulf loadings still minimal, Washington has less cushion to absorb a deal collapse than markets assume. One IRGC veto, one Israeli Lebanon strike that breaks the MOU, and the US has no reserve depth to cap the oil price spike.
