# Strategic Petroleum Reserve
Latest news and articles about Strategic Petroleum Reserve
Total: 2 articles found
Record IEA Oil Release Fails to Calm Markets as Strait Attacks Send Prices Above $100
A record 400 million-barrel IEA release and a large US drawdown failed to arrest a fresh oil-price surge after attacks near the Strait of Hormuz. Analysts say logistical limits on releases and the strategic importance of Hormuz mean markets will remain sensitive until shipping and regional production are reliably secured.
Tanker Attacks off Iraq Deepen Strait of Hormuz Crisis as Oil Prices Spike and Washington Taps Reserves
Two foreign tankers were attacked off Iraq’s Umm Qasr port, killing one crew member and aggravating an already acute maritime crisis around the Strait of Hormuz. The strikes have driven oil and fuel prices higher, prompted a large coordinated release of strategic reserves and exposed the limited tools available to secure vital shipping lanes absent de-escalation.