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Middle East conflict: US oil reserves nearing 40-year low

Author
Newstalk ZB,
Publish Date
Wed, 3 Jun 2026, 5:06pm
Photo / Getty Images
Photo / Getty Images

Middle East conflict: US oil reserves nearing 40-year low

Author
Newstalk ZB,
Publish Date
Wed, 3 Jun 2026, 5:06pm

Over in the US, oil reserves fell by 9.1 million barrels last week as the conflict in the Middle East continues.

As of May 22, the US Strategic Petroleum Reserve held 365 million barrels, down from 413 million at the beginning of 2026.

US correspondent Dan Mitchinson says experts have warned the reserves are days away from dropping further - and emergency supplies are getting lower. 

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