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Global Strategic Petroleum Reserves Depleted Amidst Protracted Strait of Hormuz Conflict
bne IntelliNews - Emerging Markets News·US · JP · IR·about 8 hours ago
Commercial and government oil stockpiles have dropped to 22 million barrels, significantly below their 90-million-barrel capacity. This depletion reflects sustained supply chain pressures and geopolitical friction between Iran and the U.S. regarding transit security in the Strait of Hormuz.
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