The United States’ Strategic Petroleum Reserve has fallen to its lowest level since 1983, according to data from the Department of Energy. The decline comes as tensions between the US and Iran intensify, raising global concerns about oil supply stability and price volatility. On Wednesday, President Donald Trump acknowledged that oil prices rise whenever the US strikes Iran. That same day, Brent crude prices climbed 5.2 percent to reach 78.02 dollars per barrel, the highest since June 19.

The Energy Department reported that for the week ending July 3, the reserve dropped by 6.2 million barrels to 319.5 million barrels, far below its total capacity of 713.5 million barrels. The drawdown was part of Washington’s effort to stabilize global oil markets during the ongoing conflict with Iran and to prevent a severe crude shortage.

Analysts warn that maintaining adequate reserves is crucial for signaling market confidence. The current depletion could limit President Trump’s strategic options in managing the conflict and global oil policy.