US To Loan 10 Million Barrels Of Oil From Strategic Reserve Amid Iran War Supply Crunch

Benzinga_recent_news04-02

The U.S. Energy Department has unveiled plans to loan as much as 10 million barrels of crude oil from its Strategic Petroleum Reserve (SPR) located in Bryan Mound. The oil will be loaned to companies,...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2624857291?lang=en_US&edition=fundamental","thumbnail":"https://cdn.benzinga.com/files/images/story/2026/04/02/Us-iran-Geopolitics-Oil-Industry--Energy.jpeg?optimize=medium&dpr=2&auto=webp&width=240","is_english":true,"pubTime":"2026-04-02 17:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2624857291","market":"hk","top_or_hot":-1,"title":"US To Loan 10 Million Barrels Of Oil From Strategic Reserve Amid Iran War Supply Crunch","media":"Benzinga_recent_news","content":"<div>\n<p>The U.S. Energy Department has unveiled plans to loan as much as 10 million barrels of crude oil from its Strategic Petroleum Reserve (SPR) located in Bryan Mound.\nThe oil will be loaned to companies,...</p>\n\n<a href=\"https://www.benzinga.com/markets/commodities/26/04/51618950/us-to-loan-10-million-barrels-of-oil-from-strategic-reserve-amid-iran-war-supply-crunch\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US To Loan 10 Million Barrels Of Oil From Strategic Reserve Amid Iran War Supply Crunch</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS To Loan 10 Million Barrels Of Oil From Strategic Reserve Amid Iran War Supply Crunch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-02 17:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/commodities/26/04/51618950/us-to-loan-10-million-barrels-of-oil-from-strategic-reserve-amid-iran-war-supply-crunch><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. Energy Department has unveiled plans to loan as much as 10 million barrels of crude oil from its Strategic Petroleum Reserve (SPR) located in Bryan Mound.\nThe oil will be loaned to companies,...</p>\n\n<a href=\"https://www.benzinga.com/markets/commodities/26/04/51618950/us-to-loan-10-million-barrels-of-oil-from-strategic-reserve-amid-iran-war-supply-crunch\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OILT","symbol_name":"Texas Oil Index ETF","start_time":0,"source_url":"https://www.benzinga.com/markets/commodities/26/04/51618950/us-to-loan-10-million-barrels-of-oil-from-strategic-reserve-amid-iran-war-supply-crunch","article_id":"2624857291","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/04/02/Us-iran-Geopolitics-Oil-Industry--Energy.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/markets/commodities/26/04/51618950/us-to-loan-10-million-barrels-of-oil-from-strategic-reserve-amid-iran-war-supply-crunch","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2624857291","pubTimestamp":1775121420,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"The U.S. Energy Department has unveiled plans to loan as much as 10 million barrels of crude oil from its Strategic Petroleum Reserve (SPR) located in Bryan Mound.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"OILT":"Texas Oil Index ETF","USO":"美国原油ETF","BK4588":"碎股","BK4187":"航天航空与国防","VDE":"Vanguard Energy ETF","BK4585":"ETF&股票定投概念","SPR":"Spirit AeroSystems Holdings Inc","XOP":"油气开采指数ETF-SPDR S&P","DBO":"原油ETF-PowerShares","DUG":"二倍做空石油与天然气ETF(ProShares)","OILU":"MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN","UCO":"二倍做多彭博原油ETF","OIH":"石油服务ETF","SCO":"二倍做空彭博原油指数ETF","XLE":"SPDR能源指数ETF","BK4570":"地缘局势概念股"},"translate_title":"伊朗战争供应紧缩美国将从战略储备中借出1000万桶石油","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/68cc6bbfc15aed80178a2d8a0081b1cd","symbols_score_info":{"DBO":0.8,"XLE":0.8,"XOP":0.8,"VDE":0.8,"DUG":0.8,"OILT":0.8,"OILU":0.8,"SPR":1,"UCO":0.6,"OIH":0.8,"USO":0.84,"SCO":0.6},"content_text":"The U.S. Energy Department has unveiled plans to loan as much as 10 million barrels of crude oil from its Strategic Petroleum Reserve (SPR) located in Bryan Mound.\nThe oil will be loaned to companies, which will then return it with additional barrels as a premium. The Energy Department assistant secretary of hydrocarbons, Kyle Haustveit, stated that this approach would stabilize markets “at no cost to American taxpayers.”\nThis decision follows the first shipments of crude released from the SPR as part of a targeted 172 million-barrel emergency drawdown. The initial crude shipments began on March 21, the same day the U.S. Department of Energy awarded contracts to eight companies to take 45.2 million barrels of sweet and sour crude from three SPR storage sites—Bayou Choctaw, Bryan Mound, and West Hackberry across Texas and Louisiana.\nIn March, the IEA announced the largest emergency oil reserve release in its history, totaling 400 million barrels. Despite this historic measure, the market response was muted as the oil prices continued to climb. \nAs per Goldman Sachs, a 400 million barrel release, even at a record pace of 2–2.5 million barrels per day, would still leave a supply shortfall of over 10 million barrels daily while the Strait is closed. The move represents about 160 days of sustained drawdown rather than a one-time surge in supply.\nAt 4:55 AM ET, Brent crude oil was trading 7.47% higher at $108.72 per barrel. After taking a brief breather, oil prices jumped as President Donald Trump on Wednesday stated that the military operations in Iran would continue for two to three weeks. \nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nImage via Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2624857291","isCrawlerRequest":true}