Warning Signs Flash As America’s Oil Reserves Bleed For Iran War
Just when you thought gas prices could not get any higher, the real oil crisis is beginning to brew underground in America’s key oil reserve.
The U.S. Strategic Petroleum Reserve (SPR) is intended to maintain a stockpile of crude oil for periods of wartime or economic instability. The Iran War has pushed the U.S. to drain the SPR, which is now reaching critical levels, U.S. Energy Information Administration (EIA) data shows.
The price of oil has surged past $100 per barrel as Houthi rebels have begun attacking ships in the Red Sea, Reuters reported, putting even more pressure on an already-constrained oil market.
Some analysts argue that the amount of usable oil in the SPR is much smaller than the official EIA numbers suggest.
The SPR has been drained by nearly 25% over the last 17 weeks, according to the EIA data, declining from 415.4 million barrels on March 20, 2026, to 311.4 million barrels on July 17, 2026. (Read more from “Warning Signs Flash As America’s Oil Reserves Bleed For Iran War” HERE)
