energy security

USA taps emergency oil reserves to calm oil prices

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USA taps emergency oil reserves to calm oil prices

Key points USA taps emergency oil reserves to steady markets The U.S. is once again using its emergency oil stockpile as a pressure valve for a nervous global market. Reuters reported that Washington is releasing 172 million barrels from the Strategic Petroleum Reserve, part of a coordinated International Energy Agency response aimed at easing the … Read more

Six U.S. allies back potential Strait of Hormuz coalition: what the statement means and what happens next

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Six U.S. allies back potential Strait of Hormuz coalition: what the statement means and what happens next

Key points A political signal first, a military coalition second Six U.S. allies back potential Strait of Hormuz coalition: The headline is easy to read as an alliance announcement, but the fine print matters. Reuters says the six countries said they were ready to join “appropriate efforts” to keep the Strait of Hormuz open and … Read more