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America Now - July 2, 9 PM EST

Published 3 Jul, 2026 06:19 | Updated 3 Jul, 2026 06:22

Sanction regrets: Oil and gas shortages could lead the US to rethink Russian fossil fuel sanctions

The US strategic petroleum reserve has fallen to levels not seen since the early 1980s. America’s emergency oil stockpile, created after the 1970s oil crisis to protect the country during national emergencies, is now sitting at its lowest level in decades. The frustrations in Iran may have the United States opening up sanction talks with Russia. Chris Martenson of prosperity.com goes in-depth with anchor Ben Swann on this emergency. Plus, Türkiye already charges tolls for the Bosporus Strait. So why is the US saying it would be unprecedented for Iran to do the same in the Strait of Hormuz? RT’S Yasin Erkin is in Türkiye with the story. And Hillary Clinton taking shots at the acting director of national intelligence, Bill Pulte, and his firing spree.

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