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business Jun 12, 2026, 2:00 AM
U.S. oil reserves dwindle as military intervention continues - The ongoing war in Iran has disrupted nearly 20% of global oil flows, creating a significant gap in crude oil supply.
- U.S. military intervention has allowed some oil to exit the Gulf, but estimates of the volume vary among industry leaders.
- The depletion of the Strategic Petroleum Reserve raises concerns about future oil price spikes and the stability of U.S. energy supplies.
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2026 All rights reserved
2026 All rights reserved