U.S. strategic petroleum reserves are at 357.1 million barrels as of May 29, the lowest in over 40 years. Withdrawals have totaled 400,000 barrels in March, 20.3 million barrels in April, and 37.4 million barrels in May, largely due to the U.S.-Israeli war in Iran. The SPR is authorized to hold 714 million barrels but is approaching levels last seen in August 1983.
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