Topic · 2 reports

Strategic Petroleum Reserve

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Strategic Petroleum Reserve drops below 300 million barrels amid Iran war releases

Aug 18, 2026

The segment reports on the U.S. Strategic Petroleum Reserve reaching its lowest inventory since 1983 due to releases amid the ongoing Iran war and Strait of Hormuz disruptions. It discusses a recent 5 million barrel release, planned additional actions totaling around 172 million barrels coordinated internationally, and loan trades where barrels are exchanged for repayment with interest. Officials address refill plans projecting 25% more oil upon completion and infrastructure repairs at storage sites. The broadcast also compares recent gas prices to a year prior and attributes prior drawdowns to the Biden administration.

▶ Source: Fox Business

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Trump administration releases 172 million barrels from SPR amid Iran conflict, inventory at 311 million

Jul 23, 2026

The segment reports the U.S. Strategic Petroleum Reserve inventory at 311 million barrels, its lowest since 1983, following large releases authorized by the Trump administration in response to oil price shocks from the war with Iran. It covers the SPR's history, infrastructure concerns from repeated drawdowns, and factors like U.S. shale production and China's stockpile use that moderated price spikes.

▶ Source: NBC News