Why the US Strategic Petroleum Reserve matters amid US-Iran tensions US oil reserves hit lowest levels since 1983 amid growing tensions with Iran and global supply concerns.Share this: Trump allies reassure Israelis amid tensions on US-Iran dealDateJune 23, 2026In relation toAl-JazeeraUS State Secretary Rubio speaks to Iraqi PM amid tensions with IranDateJanuary 26, 2026In relation toAl-JazeeraTrump says talks with Iran continuing amid tensionsDateFebruary 4, 2026In relation toAl-Jazeera