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US Strategic Petroleum Reserve Won’t be Tapped to Ease Prices in War’s New Phase

Bloomberg Markets Friday 31 July 2026, 11:18 UTC By Ari Natter and Lucia Kassai 1 min read
Key Points

US Doesn’t Plan to Tap Oil Stockpiles Again as Iran War Escalates Fuel prices are rising but the Strategic Petroleum Reserve may not play a role in this phase of the Hormuz crisis. This article is for subscribers only. Welcome to our guide to the commodities driving the global economy.

US Doesn’t Plan to Tap Oil Stockpiles Again as Iran War Escalates Fuel prices are rising but the Strategic Petroleum Reserve may not play a role in this phase of the Hormuz crisis. This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, reporters Ari Natter and Lucia Kassai look at the status of America’s Strategic Petroleum Reserve. The cost of fuel is climbing again as the US-Iran war widens, but this time there’s little indication that Washington will tap its crude stockpiles to bring prices back down.
US Strategic Petroleum Reserve (ORG) War (EVENT) Iran War Escalates Fuel (EVENT) the Strategic Petroleum Reserve (ORG) Hormuz (LOCATION) Ari Natter (PERSON) Lucia Kassai (PERSON) America (LOCATION) US (LOCATION) Iran (LOCATION) Washington (LOCATION)
Originally published by Bloomberg Markets Read original →

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