Global Strategic Oil Reserves: China Leads Amidst Geopolitical Disruptions
IEA analysis reveals shifting stockpiles as the US-Iran conflict impacts global energy security
Quick Look
- China holds the world's largest strategic oil reserves, followed by the US and Japan, according to IEA data.
- Amid the US-Iran conflict and the closure of the Strait of Hormuz, nations are managing emergency stockpiles to mitigate supply disruptions.
AI-generated summary
China holds the world's largest strategic oil reserves, followed by the US and Japan, according to IEA data. Amid the US-Iran conflict and the closure of the Strait of Hormuz, nations are managing emergency stockpiles to mitigate supply disruptions.