The US Strategic Petroleum Reserve has dropped to 340.3 million barrels, its lowest since 1983, as Iran conflict drawdowns accelerate the depletion.

The Strategic Petroleum Reserve was created in 1975, with the intention to protect consumers from severe supply shocks and price spikes.

The US Strategic Petroleum Reserve has dropped to 349.2 million barrels, a 43-year low, as Trump drains reserves to fight gas prices amid the Iran crisis.

America's emergency oil reserve has fallen to its lowest point since 1983. This significant drop follows extensive releases to manage economic impacts from global conflicts.…