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U.S. Emergency Oil Reserve Hits Lowest Levels Since 1983: Why It Matters
Oil shocks from the war with Iran and the Russia-Ukraine conflict have left the U.S. Strategic Petroleum Reserve at its lowest level since 1983. WSJ’s David Uberti explains how we got here.
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Oil prices have climbed to $100 a barrel for the first time since May, as escalating conflict in the Middle East fuels concerns over potential supply disruptions. Prices surged after the U.S. intensified strikes on Iran, while Houthi attacks on oil tankers in the Red Sea threatened one of the world's most important shipping routes. #oil #usa #iran
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