America’s Strategic Petroleum Reserve Drains Amid Iran War and Rising Oil Prices
The U.S. Strategic Petroleum Reserve is nearing critical depletion as geopolitical conflicts and coordinated releases strain global oil supplies.
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The U.S. Strategic Petroleum Reserve is nearing critical depletion as geopolitical conflicts and coordinated releases strain global oil supplies.
Showing 1-24 of 102 articles.
us
The resolution, passed for the second time, calls for the withdrawal of US forces amid escalating Middle East conflict and rising oil prices, though it is largely symbolic as the Trump administration deems it unconstitutional.
Guardian US | Jul 23, 2026, 4:07 PM
business
The Japanese yen depreciated to its lowest level in nearly four decades, reaching 163 yen per U.S. dollar, influenced by rising oil prices due to escalating U.S.-Iran tensions and economic policy proposals by Takaichi.
Nikkei Asia | Jul 22, 2026, 3:40 AMworld
The United States conducted a seven-hour military operation targeting Iranian sites near the Strait of Hormuz amid renewed naval blockades and rising oil prices, while Iran claimed retaliatory strikes on US facilities.
Al Jazeera | Jul 15, 2026, 8:09 AMworld
Weak domestic demand and rising oil prices linked to the Iran war overshadow strong export gains in China’s second quarter.
BBC World | Jul 15, 2026, 5:33 AM
world
Iranian-aligned Houthis strike two Saudi oil tankers amid a naval blockade, escalating tensions alongside US military strikes on Iran.
CNA Latest News | Jul 23, 2026, 5:48 AM
politics
President Donald Trump paid respects at the transfer of remains of four U.S. service members killed amid renewed hostilities with Iran following the collapse of a ceasefire.
NBC Politics | Jul 22, 2026, 7:51 PM
world
Renewed US attacks on Iran have closed the Strait of Hormuz, pushing oil prices higher. With US reserves depleted, China declines to deploy its strategic petroleum reserves to stabilize the market.
South China Morning Post World | Jul 21, 2026, 12:43 AMus
Donald Trump’s media company plans to charge Wall Street firms for expedited access to posts on Truth Social, raising concerns about conflicts of interest and market impact.
Guardian US | Jul 17, 2026, 1:56 AM
world
Tensions escalate as Yemen's Houthi rebels strike Saudi shipping in the Red Sea, pushing Brent crude above $100 a barrel and prompting warnings from global leaders about regional conflict and economic impacts.
France 24 English | Jul 24, 2026, 1:03 AM
business
Rising naphtha prices due to the Iran conflict have shifted Japan’s petrochemical strategy towards increased imports from China and South Korea.
Nikkei Asia | Jul 23, 2026, 9:17 PM
world
Yemen’s Houthis attack Saudi Arabian oil tankers in the Red Sea, escalating tensions and pushing Brent crude prices above $100 for the first time since May.
Al Jazeera | Jul 23, 2026, 7:21 PM
world
Maritime insurance premiums have sharply increased amid escalating conflicts disrupting two vital global shipping routes, the Strait of Hormuz and the Bab al-Mandeb Strait.
Al Jazeera | Jul 23, 2026, 3:15 PM
world
The European Central Bank maintains current rates while monitoring the inflation impact of rising energy prices due to the ongoing Iran war.
Deutsche Welle | Jul 23, 2026, 2:21 PM
politics
Republicans express concern about rising U.S. casualties, civilian deaths in Iran, and economic impacts amid ongoing war, following Defense Secretary Pete Hegseth’s testimony on emergency funding.
The Hill | Jul 23, 2026, 11:09 AM
general
Diesel prices surged from $3.56 to $5.13 per gallon following the Iran conflict, increasing transportation costs that ripple through the U.S. economy and impact everyday essentials.
Fox News Latest | Jul 22, 2026, 8:31 PM
world
Ongoing US strikes on Iran continue to overshadow diplomatic efforts in Pakistan to revive a failed interim ceasefire, as tensions escalate over control of the Strait of Hormuz.
Africanews | Jul 22, 2026, 9:25 AM
world
Luxury car sales from international brands in China dropped sharply as domestic electric vehicle makers gain market share, signaling a shift in consumer preferences.
South China Morning Post World | Jul 22, 2026, 4:45 AM
politics
As military conflict with Iran intensifies and oil prices surge, GOP lawmakers call on President Trump to act swiftly to reopen the strategic Strait of Hormuz.
The Hill | Jul 21, 2026, 11:16 AM
general
Despite widespread public pessimism, economic indicators under President Donald Trump reveal rising real wages, reduced income inequality, and increased consumer spending, according to recent reports and expert commentary.
Fox News Latest | Jul 21, 2026, 10:11 AMgeneral
Gas prices in the United States have climbed back to an average of $4 per gallon as tensions escalate with new attacks between the U.S. and Iran.
ABC Top Stories | Jul 20, 2026, 2:50 PMpolitics
Two American service members were killed and a third is missing after an Iranian strike on a US base in Jordan, prompting US airstrikes on Iran and comments from President Trump and Defense Secretary Pete Hegseth.
The Hill | Jul 19, 2026, 9:55 AMworld
Rising cash withdrawals and tax evasion tactics reflect growing economic challenges in Russia as the war with Ukraine continues.
BBC World | Jul 19, 2026, 3:39 AMus
Fracking billionaire Harold Hamm, known as Donald Trump’s “original oil guy,” influenced US energy policy and US-Israel ties while downplaying the risks of conflict with Iran.
Guardian US | Jul 16, 2026, 2:06 PMShowing 1-24 of 102 articles.