US Oil Reserve Hits 43-Year Low as Trump Tries to Limit Iran Fallout | TheBriefWire
US Oil Reserve Hits 43-Year Low as Trump Tries to Limit Iran Fallout
Published 15 June 2026 · india
Bob McNally, president of Rapidan Energy Group, said that countries across the world are going to up their demand for oil to fill strategic reserves
Bob McNally, president of Rapidan Energy Group, said that countries across the world are going to up their demand for oil to fill strategic reserves depleted by conflict in Iran and the closure of the Strait of Hormuz. McNally said that demand in Asian countries like China will be higher than before, because of the crude 'crash diet' the region was on without access to oil supply chains. Get more on the Bloomberg Surveillance Podcast On Apple On Spotify Anywhere Listen on Apple CarPlay and Android Auto with the Bloomberg Business app Apple CarPlay Android Auto Visit our YouTube channels Bloomberg Podcasts Bloomberg Television Bloomberg Originals Quicktake
Published: June 16, 2026 • 2:30 AM IST · Updated: June 16, 2026 • 3:09 AM ISTBy TheBriefWire Editorial Team
Key points· Video
Bob McNally, president of Rapidan Energy Group, said that countries across the world are going to up their demand for oil to fill strategic reserves depleted by conflict in Iran and the closure of the Strait of Hormuz.
McNally said that demand in Asian countries like China will be higher than before, because of the crude 'crash diet' the region was on without access to oil supply chains.
Get more on the Bloomberg Surveillance Podcast On Apple On Spotify Anywhere Listen on Apple CarPlay and Android Auto with the Bloomberg Business app Apple CarPlay Android Auto Visit our YouTube channels Bloomberg Podcasts Bloomberg Television Bloomberg Originals Quicktake
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