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Strategic petroleum reserve drops to lowest level since 1983 amid Iran fallout
The reserve was created in 1975 in the wake of the Arab oil embargo, with the intention of protecting the markets and consumers from severe supply shocks.
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thisismoney.co.uk
Oil price plunges to lowest since start of Iran war
Stock markets rallied and government borrowing costs also fell as reports surfaced of a proposed memorandum between the Iran and the US.
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washingtonexaminer.com
Trump faces uphill battle to replenish oil stockpiles headed to record lows
The Strategic Petroleum Reserve was created in 1975, with the intention to protect consumers from severe supply shocks and price spikes.
