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The U.S. emergency oil reserve is below 300 million barrels for the first time since 1983

The SPR shed 6.1 million barrels last week, reaching its lowest level since January 1983 amid ongoing withdrawals tied to the Iran war

The U.S. Strategic Petroleum Reserve dropped to 298.7 million barrels last week, crossing below the 300 million-barrel mark for the first time in over four decades, based on figures the Department of Energy published Monday. The reserve shed 6.1 million barrels in a single week.

The drawdown traces back to a 172-million-barrel release that President Donald Trump authorized in March, following Iran's move to restrict oil shipments through the Strait of Hormuz. Before the U.S. and Israel launched........

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