CryptoWorld news reports that the Trump administration continues to release large quantities of the U.S. strategic petroleum reserves to ease 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, with inventories dropping to 357.1 million barrels, the lowest level since January 2024. Relevant experts said that, at the current release pace, the strategic petroleum reserves would most likely fall below the lows reached during the Biden administration as early as next week, to the lowest level since 1983. Since the outbreak of the U.S.-Iran conflict, the U.S. has cumulatively released about 58 million barrels of crude oil, accounting for roughly 14% of the total strategic petroleum reserves. Analysts believe that continued releases will weaken the U.S.’s ability to respond to sudden supply disruption risks, such as those during the hurricane season.
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