U.S. Emergency Oil Reserve Hits Lowest Levels Since 1983: Why It Matters

Oil prices have climbed to $100 a barrel for the first time since May, as escalating conflict in the Middle East fuels concerns over potential supply disruptions. Prices surged after the U.S. intensified strikes on Iran, while Houthi attacks on oil tankers in the Red Sea threatened one of the world's most important shipping routes. #oil #usa #iran

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WATCH: Smoke rises near Kuwait oil facility after Iranian attacks #shorts #foxnews #news #fox

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Iran Strikes Kuwait Oil Facility As Gulf Conflict Escalates After US Attacks