#strategic-petroleum-reserve-release

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#oil-supply-crisis #strait-of-hormuz #gas-price-inflation #international-energy-agency #oil-price-volatility
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fromAxios
12 hours ago

Trump's limited gas-price options on Iran

The IEA coordinates a historic strategic petroleum reserve release exceeding twice the 2022 Ukraine-crisis volume, with the U.S. contributing 172 million barrels over 120 days to address oil supply disruptions and rising gas prices.
Miscellaneous
fromwww.aljazeera.com
1 day ago

Oil prices swing wildly amid mixed messages over Iran war

Crude oil prices experience extreme volatility as the Strait of Hormuz faces effective closure due to Iranian threats, disrupting approximately one-fifth of global oil supply.
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