SECURITYBLOOMBERG
US Strategic Petroleum Reserve Won’t be Tapped to Ease Prices in War’s New Phase
Fuel prices are rising amid the new phase of the Hormuz crisis, but the US Strategic Petroleum Reserve may not be used to alleviate the situation.
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- The U.S. is maxing out its strategic oil reserves as Trump vows to control the Strait of Hormuz
- China won’t waste its reserves to cushion oil price impact of Iran war
- China won’t waste its reserves to cushion oil price impact of Iran war
- The tenuous state of a US-Iran ceasefire renews anxiety over high fuel prices
- The tenuous state of a US-Iran ceasefire renews anxiety over high fuel prices