World leaders eye oil reserves, but so far hold off on tapping them

By Matt Sedensky NEW YORK (AP) — A widening war in Iran has halted oil tankers, made targets of refineries and spooked investors worried about the cascading impact of spiking energy prices. If it might seem like the ideal time to dip into the world’s emergency oil stockpiles, global leaders have so far responded with reluctance. Here is a look at the energy supplies that countries hold and when they tap them: Many countries have reserves of oil Since war erupted in the Middle East on Feb. 28 with U.S. and Israeli attacks on Iran, the flow of oil tankers through the Strait of Hormuz has all but stopped, cutting off a vital passageway for a huge amount of the world’s oil. That has sent prices of oil soaring. Brent…

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