As of June 26, 2025, the United States' Strategic Petroleum Reserve (SPR) is at approximately 402.29 million barrels, the lowest level since the 1980s. This follows releases aimed at mitigating consumer fuel prices.
Global oil prices have recently fluctuated significantly. Brent crude oil prices surged by 11% on June 13, 2025, following Israeli airstrikes on Iranian nuclear facilities, raising concerns about regional energy security.
The current administration is focusing on increasing domestic oil production. The depleted reserve raises questions about the nation's preparedness for supply disruptions. The EIA forecasts global oil production will outpace demand through 2026.