Pins matching tag:Iran

Thirty-two IEA member nations agreed on 11 March 2026 to release 400 million barrels between them after Iranian attacks slowed tanker traffic through the Strait of Hormuz. The American share was 172 million barrels, the largest US release ever ordered, and Secretary Wright said it would take about 120 days to deliver.

Weekly Energy Department data published on 10 August 2026 put the Strategic Petroleum Reserve at 298.7 million barrels, down 6.1 million in a week and the lowest reading in the EIA series since January 1983. The stockpile had held about 415 million barrels before the Iran war began.

Polymarket asks how long the fragile US-Iran ceasefire holds. On 20 September 2026 traders gave 97% that it survives September 20, 80% through September 30, and 46% through October 31, after a June memorandum stalled and Iran struck commercial vessels in July.