The United States does not intend to release oil from its strategic reserves

Odaily News The United States is not considering releasing oil from its Strategic Petroleum Reserve, indicating that Washington believes the rise in oil prices following Iran's attack will be limited. An official from the U.S. Department of Energy stated that there has been absolutely no discussion regarding the Strategic Petroleum Reserve. The report noted that the U.S. currently has approximately 415 million barrels of oil in its strategic reserves, kept in reserve for emergencies. The market widely anticipates that a new round of conflict in the Middle East will disrupt energy supplies, causing oil prices to rise when the New York market opens. According to Iranian media reports, the Strait of Hormuz, a crucial oil transportation route, has effectively been closed. (Jin10)