The United States’ Strategic Petroleum Reserve (SPR) has dropped to its lowest level in 43 years as the government continues releasing oil to offset the effects of the ongoing war with Iran. According to official data released Monday, an additional 8.9 million barrels were withdrawn last week, reducing the reserve to 340.3 million barrels. This marks the lowest level since July 1983, surpassing the previous record low set in July 2023 during the Biden administration.

The Trump administration is using the SPR to cushion consumers, businesses, and the economy from high fuel prices. Energy analyst Andy Lipow noted that coordinated releases by the US and other countries, along with reduced Chinese exports, have prevented oil prices from reaching $150 per barrel. Since the war with Iran began in late February, the SPR has fallen by about 75 million barrels, or 18 percent, leaving it less than half full.

American Petroleum Reserve CEO Mike Sommers warned that at least 20 percent of the reserve must remain for effective emergency response, calling the current situation alarming. Analysts also cautioned that a major Gulf of Mexico hurricane could eliminate the remaining safety buffer.