Keywords: Strategic petroleum reserve
The Trump administration announced Thursday a solicitation for loans of up to 30 million barrels of light crude from the Strategic Petroleum Reserve. This marks the third such exchange since the US tapped emergency stocks last month to counter supply disruptions from Iran's Strait of Hormuz blockade. Bids......
The fourth week of conflict involving the United States, Israel, and Iran has sent crude oil prices surging past $100 per barrel for the first time since 2022, as Iran's effective closure of the Strait of Hormuz disrupts roughly 20% of global oil supply. The crisis has intensified calls for a structural......
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