U.S. Strategic Petroleum Reserve hits lowest level since 1983 as oil prices surge

Crude oil prices are back over $100 per barrel as the war in Iran escalates. This comes as the U.S. continues to deplete its Strategic Petroleum Reserve to 40-year lows, as it tries to buffer the economic impact of the war. NBC News’ Allie Canal reports. For more context and news coverage of the most important stories of our day, click here: https://www.nbcnews.com » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Subscribe to Here's the Scoop podcast: https://www.nbcnews.com/heres-the-sco... » NBC News App: https://apps.nbcnews.com/mobile » Breaking News Alerts: https://link.nbcnews.com/join/5cj/bre... » Visit NBCNews.Com: http://nbcnews.to/ReadNBC » Find NBC News on Facebook: http://nbcnews.to/LikeNBC » Follow NBC News on Twitter: http://nbcnews.to/FollowNBC » Follow NBC News on Instagram: http://nbcnews.to/InstaNBC #oil #politics #iran