EconomyCan global oil reserves withstand a renewed US-Iran war?

Emergency oil stocks are at multidecade lows, and analysts say global reserves may last only a month or two if the Strait of Hormuz closes again. Oil prices are near a five-month high as tanker attacks mount and efforts to end the US-Israel war on Iran stall. The IEA’s members agreed to release 400 million barrels from emergency supplies, while the US Strategic Petroleum Reserve has fallen to 283 million barrels, its lowest level since October 1982.

oil reservesStrait of HormuzIran waroil prices

AAl Jazeera★★★★☆2026-10-23 07:37Original