"Why the Reserve Is Draining Now The trigger is the Strait of Hormuz. Military action that began February 28 effectively closed the chokepoint through which nearly 20% of global oil supply flowed. Brent averaged $117 per barrel in April and touched $138 on April 7... 1/2 #EconSky
Trump Criticized Biden for Draining America’s Oil Reserves. They’re Now at a 43-Year Low Amidst a Middle East War.Donald Trump spent his 2024 campaign hammering Biden for emptying America's emergency oil stockpile, pledging to refill it the moment he took office. Now a shooting war in the Middle East is testing w...finance.yahoo.com