The US Strategic Petroleum Reserve has fallen to 349.2 million barrels, its lowest since 1983, after 66 million barrels were released amid the Iran

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

The U.S.’s emergency supply of crude oil has fallen to its lowest level in decades as Trump moves to release 172 million barrels. Read here