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International Business Times
International Business Times
Business

U.S. Strategic Petroleum Reserve Falls To Its Lowest Level In More Than Four Decades As Hormuz Strait Remains Closed

Petroleum the Strategic Petroleum Reserve Iran Donald Trump Strait of Hormuz United States
The Strategic Petroleum Reserve fell to its lowest level in more than 40 years as the Strait of Hormuz remains largely closed. (Credit: Mario Tama/Getty Images)

The Strategic Petroleum Reserve (SPR) fell to its lowest level in more than 40 years as the Strait of Hormuz remains largely closed.

Data from the Department of Energy showed that the SPR stood below 300 million barrels last week, the lowest since January 1983.

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