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32 Nations Release Record Emergency Oil To Steady Markets During Iran–Israel War

US authorities issued a drone warning for California in a sign of spillover risk.

Overview

  • Thirty-two countries began a coordinated drawdown of emergency oil reserves, described as the largest to date, to stabilize energy markets affected by the conflict.
  • The release is underway and explicitly aimed at blunting supply disruptions linked to the Iran war’s impact on global crude flows.
  • The FBI warned California police that Iran could launch drones at the US mainland, framing the potential action as retaliation for the regional war.
  • Hospital workers in Lebanon reported worsening conditions as daily deaths rise and residents brace for further Israeli bombings.
  • Separate reports said Tehran’s UNESCO-listed Golestan Palace was damaged in a USIsraeli strike, though independent corroboration remains limited.