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US oil reserves fall fast as Iran war sparks brutal swings in Brent and WTI prices
International
Published on 30 April 2026
Strategic reserves drop even as exports climb
Global oil markets are roiled after a four-year high as the Iran conflict disrupts shipping, lifts transport costs, and drives volatile crude prices. In the US, Strategic Petroleum Reserve levels fall even while exports rise. Natural gas futures climb, while Waha Hub prices remain negative due to pipeline constraints, underscoring supply-demand imbalances.
- Brent and WTI swing after hitting a four-year high
- US Strategic Petroleum Reserve levels are falling
- Exports are rising despite reserve declines
- Gas prices diverge: futures up, Waha Hub still negative
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times