The U.S. has stopped oil extraction from its Strategic Petroleum Reserve for the first time due to conflicts with Iran. Meanwhile, the Department of Energy approved 4 million barrels of additional oil, and BP's Azeri Deepwater Reservoir project achieved 11.8 million tons. Oil markets are monitoring refinery operations, exports, and SPR transactions following storm effects. Bacalhau celebrated its anniversary of production, while Petrobras agreed to partnerships for Berbigão and Sururu shared reservoirs.