U.S. Weighs Oil-Reserves Moves as Gulf Attacks Drive Energy Markets Up
TL;DR Summary
Amid a widening Iran-Israel conflict and attacks on energy infrastructure in the Persian Gulf, the U.S. is weighing steps to stabilize energy markets—potentially unsanctioning Iranian oil and releasing more from the Strategic Petroleum Reserve—while Brent crude nears $118 a barrel, gasoline and diesel prices rise, and markets from Europe to Asia react to the energy-security risk and the Strait of Hormuz.
- Iran War Live Updates: As Oil and Gas Prices Soar, Bessent Says U.S. May Release More Reserves The New York Times
- Live updates: Energy prices soar as attacks on Middle East gas facilities escalate CNN
- Middle East crisis live: Hegseth addresses media after Trump threatens to ‘blow up’ entire South Pars gasfield The Guardian
- Israel and Iran attack gas facilities in a major escalation that rattles markets NPR
- Trump Says U.S. and Qatar Not Involved in Strike on Iran’s South Pars Gas Field The New York Times
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