As the conflict in Iran intensifies with no immediate end in sight, the U.S. Department of Energy is tapping further into the nation’s emergency oil supply.On Wednesday, officials announced a plan to loan an additional 10 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) — part of a 172 million-barrel drawdown that critics say could leave the U.S. vulnerable as West Texas Intermediate (WTI) crude prices climb past $111 per barrel.The crude oil is set to be extracted from the Bryan Mound site in Texas, and the department is also accepting proposals from oil companies until...
HALO NEWSLETTER
Join HALO today and unlock this story instantly — It's Free
