U.S. Oil Inventories Fall Sharply as America Steps Up as Global Supplier Amid Iran War Disruptions – EIA - Tekedia

U.S. crude, gasoline, and distillate inventories fell more than expected, the EIA said, as exports surged to help offset Middle East supply disruptions.

Distillate stocks dropped to their lowest level since 2005, highlighting tighter diesel supplies for farming, trucking, and industry.

The drawdown showed the U.S. acting as a key global supplier during Iran-related disruptions, even as domestic fuel balances tightened.

Oil prices fell after the report, with Brent and WTI sliding despite the larger inventory declines.