US Strategic Petroleum Reserve Hits Lowest Level Since May 1983

🛢️ SPR — One week, 5.5M barrels gone; reserves lowest since 1983. 📌 LOOK CLOSER: At 325.7M barrels — lowest since May 1983 — the SPR can no longer absorb a prolonged Hormuz shock. Each weekly draw narrows the window where reserves function as price buffer before becoming a liability. Hormuz at one-third capacity, Doha unresolved: the next IRGC action hits a system with no slack. Jones Act waiver expiration removes the second pressure valve simultaneously.