# Can global oil reserves withstand a renewed US-Iran war?

https://mins.news/en/item/112291

- Al Jazeera, 2026-10-23 07:37 UTC
- Economy
- Original: https://www.aljazeera.com/news/2026/10/23/are-global-oil-reserves-sufficient-to-withstand-renewed-us-iran-war?traffic_source=rss

> 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.

## Related coverage

- [Oil markets brace for renewed fighting involving Iran](https://mins.news/en/video/113900) — Bloomberg Television, 2026-10-24
- [Oil prices hit five-month high as attacks threaten global supply](https://mins.news/en/item/110998) — The Guardian, 2026-10-22
- [US Strategic Petroleum Reserve falls to lowest level since 1982](https://mins.news/en/item/107567) — TASS, 2026-10-20