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Analysis-Depleted US oil stash loses potency as Iran war grinds on

The reserve holds 289.7 million barrels, and analysts say further drawdowns could leave Washington with less ability to steady oil prices.

Summary by WTVB
By Timothy Gardner, Arathy Somasekhar and Anushree Mukherjee WASHINGTON/HOUSTON, Aug 31 (Reuters) - Six months into the U.S.-Israeli war with Iran, Washington may find it harder to calm jittery oil markets after U.S. presidents drained the aging Strate...

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The Globe & MailThe Globe & Mail
Center

Depleted U.S. oil reserve loses potency as Iran war grinds on

Washington may find it harder to calm jittery oil markets after draining the aging Strategic Petroleum Reserve

·Toronto, Canada
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BizTocBizToc
Center

Analysis-Depleted US oil stash loses potency as Iran war grinds on

By Timothy Gardner, Arathy Somasekhar and Anushree Mukherjee WASHINGTON/HOUSTON, Aug 31 (Reuters) - Six months into the U.S.-Israeli war with Iran, Washington may find it harder to calm jittery oil markets after U.S. presidents drained the aging Strate...

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Oil & Gas 360Oil & Gas 360

Depleted US oil stash loses potency as Iran war grinds on

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

·Denver, United States
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WTVB broke the news on Monday, August 31, 2026.
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