Oil Prices Spike, US Strategic Stockpiles Hit 40-Year Low Amid Iran War

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Geopolitics

12 August 2026 at 2:18 am

Oil Prices Spike, US Strategic Stockpiles Hit 40-Year Low Amid Iran War

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Summary

Oil prices surged on Tuesday as the ongoing conflict in Iran threatened global supplies, leading to U.S. strategic oil stockpiles dropping to their lowest level in over 40 years.

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