Energy & Petrochemicals #oil#emergency stockpile
US Strategic Petroleum Reserve Falls to Lowest Level Since 1983 Amid Iran Conflict
The US Strategic Petroleum Reserve (SPR) has fallen to 340.3 million barrels as of June 12, 2026, the lowest since July 1983. The Trump administration released 8.9 million barrels over the past week, part of 75 million barrels drawn since the war with Iran began in late February. Industry officials warn the reserve could face operational constraints if the drawdown continues, with replenishment not expected before hurricane season.
Jun 16, 2026 1 source