Strategic Petroleum Reserve Hits Low

U.S. emergency oil stocks fell below 300 million barrels as crude prices rose.

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Stock futures are steady as investors weigh Iran, Hormuz deal prospects: Live updates

US oil reserves hit 43-year low

Monday’s Mini-Report, 8.10.26

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Analysis & opinion

The reporting

A neutral summary of the key facts most outlets agree on, drawn from reporting across the political spectrum.

The U.S. Strategic Petroleum Reserve fell by 6.1 million barrels last week to 298.7 million, dropping below 300 million barrels for the first time since 1983 as the Iran war pressures global oil inventories. U.S. West Texas Intermediate crude rose about 5% Monday to settle at $82.13 a barrel, while Brent settled near $87.72. Prices climbed as doubts grew that Washington and Tehran would reach a deal to increase shipping through the Strait of Hormuz. Stock futures were little changed overnight, with Dow futures down 37 points.

Analysis & opinion

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weigh in — but each argues its own distinct claim, so no shared angle emerged. The other report the story straight.