Dossier
US strategic petroleum reserves
Coverage of US strategic petroleum reserves in the Nexus archive.
- China won’t waste its reserves to cushion oil price impact of Iran war
Renewed US attacks on Iran have closed the Strait of Hormuz, a major oil trade route, leading to potential oil price increases. With US strategic petroleum reserves at their lowest in over 40 years, analysts warn sustained prices above $100 per barrel risk economic issues and have shifted focus to China's response.