US oil inventories fall to ‘precariously low’ level as Iran war disrupts supply

US oil inventories have dropped to precariously low levels as the Iran war disrupts supply. This decline threatens the ability to provide oil to Asian and European markets dependent on the Middle East. Furthermore, the depletion of U.S. oil reserves amid these tensions could lead to sustained high prices, which may negatively impact global economic stability. The situation highlights a critical vulnerability in energy supplies during periods of intense geopolitical conflict in the region.