The United States does not intend to release oil from its strategic reserves.

Odaily Planet Daily reports that the United States is not considering releasing its strategic petroleum reserves, indicating that Washington believes that oil prices will be limited in their rise after Iran launches an attack. An official from the U.S. Department of Energy stated that there has been no discussion about the strategic petroleum reserve. The media reports that the U.S. currently has about 415 million barrels of oil in its strategic reserves for emergencies. The market generally expects that a new round of Middle East conflict will disrupt energy supplies, leading to rising oil prices after the New York market opens. Additionally, Iranian media reports that the Strait of Hormuz, a key oil transportation route, has actually been closed. (Jin10)

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