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Event Brief

Oil reserves plunge as Middle East war strains supplies

Global oil reserves fell at a record pace as a Middle East war strained supplies.
WHO: Global oil markets
WHAT: Global oil reserves plunged at a record pace amid supply strain.
WHEN: May 5, 2026 at 1:37 PM ET
WHERE: Middle East
WHY: The triggering condition was a Middle East war straining supplies.

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