What plunge in US oil reserves mean for the war

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What plunge in US oil reserves mean for the war

Mark Urban says the sharp drop in US oil inventories is a sign that the crisis in the Strait of Hormuz is starting to hit reality – raising pressure on the White House as fears grow over scarcity, rising fuel prices and the economic cost of continued conflict.

From The Fourcast Indicators with Krishnan Guru-Murthy and Mark Urban.

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Date: May 22, 2026