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The Iran deal came just in time as Strategic Petroleum Reserve hits lowest level since 1983
Oil executives have warned that global inventories are rapidly depleting due to the supply disruption triggered by the Iran war.
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cryptobriefing.com
US oil reserve hits 43-year low as Trump aims to tame gas prices
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.
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washingtonexaminer.com
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.
