Iran war : Oil stocks being used up at record pace , IEA warns

# SUMMARY **NOTE: This article is dated May 13, 2026 — a future date. The Conflict Pulse covers current and recent events. This summary is provided for reference, but readers should verify the publication date and context.** The International Energy Agency warned on May 13, 2026, that global strategic oil reserves are being depleted at a record pace due to Iran's closure of the Strait of Hormuz following US-Israeli military strikes, with 117 million barrels drawn in April alone and further price volatility expected as summer demand peaks. The disruption has prompted emergency stock releases across IEA member states and warnings of potential jet fuel shortages, while Iranian Foreign Minister Abbas Araghchi prepares to attend a BRICS summit in Delhi where the ongoing Middle East conflict is expected to dominate discussions.