Which countries have oil reserves and what are their amounts?

Iran’s blockade of the Strait of Hormuz is severely disrupting global oil and gas supplies, prompting countries to tap into strategic reserves to prevent economic crisis. Since the onset of the US-Israeli conflict with Iran on February 28, Tehran has hindered the passage of vessels carrying 20% of the world’s oil and LNG. In response to rising crude prices, the International Energy Agency has announced its largest-ever release of 400 million barrels from member reserves, while Iran threatens to close the strait entirely.

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