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The United States does not intend to release oil from its strategic reserves
Svmuu News: The United States is not considering releasing oil from its Strategic Petroleum Reserve, indicating that Washington believes any rise in oil prices following an Iranian attack will be limited. An official from the U.S. Department of Energy stated that there has been absolutely no discussion regarding the Strategic Petroleum Reserve. The media reported that the U.S. currently holds approximately 415 million barrels of oil in its Strategic Petroleum Reserve, set aside for emergencies. The market widely expects that a new round of conflict in the Middle East will disrupt energy supplies, causing oil prices to rise after the New York market opens. Additionally, Iranian media reports indicate that the Strait of Hormuz, a key oil shipping route, has effectively been closed. (Jin Shi)
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