Energy

Six months after Iran war, America’s oil reserves drop to lowest levels since 1982 - WLWT

Source: WLWT

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DW NOTE

The US has burned through forty-four years of strategic inventory in six months to suppress the price of oil while the Strait of Hormuz sits mined shut. This is not crisis management — it's the liquidation of the one buffer that made American foreign policy credible in the Gulf.

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Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

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Six months after Iran war, America’s oil reserves drop to lowest levels since 1982 - WLWT

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