The ongoing conflict in the Middle East is causing significant disruptions in global oil supply, leading to a sharp decline in US oil reserves and fluctuating prices. The Strategic Petroleum Reserve has decreased by 7.12 million barrels in just one week, marking the largest weekly drop since October 2022. As of now, reserves stand at 398 million barrels, the lowest level since April 2025. Oil prices have seen considerable volatility, with Brent crude reaching a peak of $126.41 per barrel before settling at $114.01. This instability is driven by fears of supply shortages linked to the Iran conflict and a decrease in shipping traffic through the critical Strait of Hormuz, where only seven vessels crossed in 24 hours compared to the usual 125 to 140. Fuel prices have surged in the US, with gasoline averaging $4.30 per gallon, significantly impacting transport and consumer goods costs. Analysts warn that high oil prices could lead to increased inflation globally, with the UN estimating that 45 million more people could face hunger if the conflict continues.