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Foreign Buyers Purchase Nearly Half of Emergency US Oil Reserves Released Amid Iran Tensions

International buyers are acquiring nearly half of crude oil being drawn from the US Strategic Petroleum Reserve as global energy markets remain stressed by geopolitical tensions. The US Department of Energy awarded 53.3 million barrels from emergency stockpiles to multiple companies, including international trader Trafigura Group and refiner Marathon Petroleum Corp. This drawdown aims to stabilize volatile crude prices. Market analysts attribute the strong international demand to constrained global supply conditions tied to regional instability in the Middle East. The move underscores deepening concerns about energy security as policymakers weigh competing priorities between domestic price relief and reserve replenishment.