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The United States does not intend to release oil from its strategic reserves.
Odaily Planet Daily reports that the United States is not considering releasing its strategic petroleum reserve, indicating that Washington believes that oil prices will be limited in their rise after Iran launches an attack. An official from the U.S. Department of Energy stated that there has been no discussion about the strategic petroleum reserve. The media reports that the U.S. currently has about 415 million barrels of oil in reserve for emergencies. The market generally expects that a new round of Middle East conflict will disrupt energy supplies, and oil prices are expected to rise after the New York market opens. Additionally, according to Iranian media, the Strait of Hormuz, a key oil transportation route, has effectively been closed. (Jin10)