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2026/08/04
US oil reserve strategy: A futile gamble amid Iran's Strait of Hormuz leverage
TEHRAN- Washington's desperate bid to tame oil prices through strategic reserve releases is doomed to fail, experts warn, as Iran's commanding position in the Strait of Hormuz renders American threats increasingly hollow.
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2026-06-16 13:33
US strategic oil reserve falls to 4-decade low as war on Iran drains emergency stocks
TEHRAN- The economic consequences of Washington's military confrontation with Iran are becoming increasingly visible inside the United States itself, as the country's Strategic Petroleum Reserve (SPR) has fallen to its lowest level in more than four decades.