US crude oil supplies have reached a 45-year low. This development is significant and has implications for the energy market. The Trump administration has taken action to address rising energy costs.

They are releasing oil from reserves to combat these increasing costs. Further details on this situation, including the circumstances surrounding the release of oil from reserves, are available from KTSM 9 News. The news source reports that the closure of the Strait of Hormuz is a factor in rising energy costs, but full information can be found by consulting the original report.