U.S. Releases 53 Million Barrels From Strategic Petroleum Reserve Amid Rising Gas Prices The U.S. Department of Energy (DOE) announced Monday, May 11, that it will loan 53 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) to petroleum companies in an effort to relieve elevated gas and oil prices amid the conflict with Iran, according to a DOE news release. [1] Deliveries will begin immediately, with the oil flowing between June and August as gasoline demand peaks during the summer driving season. [1] The release is part of a coordinated international effort by the 32-member nations of…
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Iran-Linked News Outlet Proposes Tax on Undersea Internet Cables in Strait of Hormuz An Islamic Revolutionary Guard Corps-linked media outlet,…
Satellite images reveal oil spills as Iran war threatens global energy and the environment Satellite images from the European Space…
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