US Taps Strategic Reserve for Up to 17 Million Barrels Amid Hormuz Crisis
🛢️ SPR — The reserve was built for emergencies; Washington just confirmed this is one. 📌 LOOK CLOSER: An SPR solicitation of this scale signals physical supply stress the blockade numbers already implied. With Hormuz transits at 2-4 daily versus 85 pre-war, the domestic buffer is now load-bearing. The timing — four days before midterms — makes this simultaneously a market stabilization tool and a political signal. It buys weeks, not months.