Story perspectives

SPR at 1983 Low; Trump Releases 172M Barrels Amid Hormuz

6/10/2026

Summary

Story summary

The Strategic Petroleum Reserve fell to 349.2 million barrels on June 5, 2026, its lowest level since August 1983.
The Department of Energy says 66 million barrels have been drawn since the Iran conflict began.
President Donald Trump authorized a release of 172 million barrels over several months to support global fuel supplies.
Analysts warn that the effectively closed Strait of Hormuz could trigger market panic and fuel-price spikes in July or August.

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Story summary

The Strategic Petroleum Reserve fell to 349.2 million barrels on June 5, 2026, its lowest level since August 1983.
The Department of Energy says 66 million barrels have been drawn since the Iran conflict began.
President Donald Trump authorized a release of 172 million barrels over several months to support global fuel supplies.
Analysts warn that the effectively closed Strait of Hormuz could trigger market panic and fuel-price spikes in July or August.