How strategic oil reserves work and why they matter now

Strategic reserves are a system of national oil stocks intended to replace at least 90 days of each country’s imports.

[Source Image: Freepik]

In the second week of the Iran war—with the Strait of Hormuz effectively closed, cutting off shipping of 20% of the world’s oil supply—the International Energy Agency announced the largest release of strategic oil reserves in history. Thirty-two countries will sell a combined 412 million barrels from their reserves into the global market over four months, beginning in late March 2026.

Energy researchers like me know that the concept........

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