The United States has no intention of releasing oil from its strategic reserves.
according to the Financial Times of the UK, the United States is not considering releasing oil from its strategic petroleum reserves, indicating that Washington believes the rise in oil prices will be limited after Iran launches an attack. A US Department of Energy official stated that there has been no discussion at all regarding the strategic petroleum reserve. The media reported that the US currently has about 415 million barrels of oil in its strategic reserve, kept as a backup for emergencies. The market generally expects that a new round of Middle East conflict will disrupt energy supplies, causing oil prices to rise after the New York market opens. According to Iranian media, the key oil transport route, the Strait of Hormuz, has actually been closed.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Summary of the Bank of Japan's September meeting opinions: Majority of members advocate for continued rate hikes, some call for acceleration.
The summary of the Bank of Japan's September meeting opinions shows that some policymakers believe it is necessary to accelerate interest rate hikes or bring rates closer to the central bank's "target" as soon as possible, increasing the likelihood of further rate hikes.
National Mobilization: An AI Economic War Without a Ceasefire Day
British Pound retreats further from one-week top as USD buying remains unabated
STONK crypto surges 18% after Netflix pairing – Why $0.25 matters now
Crypto prices
More
