Strategic reserves are running low, and the depletion rate is a bit rapid.

CryptoWorld News reports that CCTV News coverage states that the Trump administration continues to release large quantities of the U.S. strategic petroleum reserves to address the energy supply crisis triggered by the U.S.-Iran conflict and the closure of the Strait of Hormuz. According to data from the U.S. Department of Energy, last week the strategic petroleum reserves fell by 8 million barrels, after declines of 9.1 million barrels and a record 9.9 million barrels in the two prior weeks. Current inventories have dropped to 357 million barrels, the lowest level since January 2024. Experts say that at the current release rate, the reserves could drop below the Biden administration’s low as early as next week, reaching the lowest level since 1983.