Who holds the biggest emergency oil reserves?
AI Summary
Iran's effective blockade of the Strait of Hormuz has prompted dozens of countries to tap their strategic emergency oil reserves. The article examines what strategic petroleum reserves are, who holds the largest stockpiles, and how these crisis reserves function in global energy security. Global supply concerns have escalated amid the ongoing Iran conflict.
Iran's effective blockade of the Strait of Hormuz has pushed dozens of countries to tap their emergency oil stockpiles. But what exactly are strategic reserves, and who holds the world's biggest crisis-ready supplies?