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Oil reserves in the United States fall to their lowest level since 1983 due to the war with Iran.
Transcript
00:00Oil reserves in the United States fall to their lowest level since 1983 due to the war in Iran.
00:06The Department of Energy revealed that the strategic oil reserves fell by nearly 340.3 million barrels.
00:13This decline was caused by the outbreak of war initiated by the U.S. and Israel against Iran,
00:19which led to the closure of the Strait of Hormuz, significantly disrupting global oil transportation and supply.
00:26In response, Washington had to tap into its reserves to mitigate the impact of the blockade of the meridian route,
00:33which highlighted the energy crisis in the international market caused by the war.
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