CEOs of major US oil companies have cautioned the White House that the ongoing energy crisis, triggered by the US-Israel conflict involving Iran, is likely to deepen in the coming weeks.
According to Al Jazeera, citing the Wall Street Journal, executives from ExxonMobil, Chevron, and ConocoPhillips met with Energy Secretary Chris Wright and Interior Secretary Doug Burgum to discuss the escalating situation.
The company leaders warned that disruptions in energy flows, particularly related to the closure of the Strait of Hormuz, are expected to continue driving volatility in global energy markets.
Sources familiar with the discussions indicated that the CEOs emphasized the urgency of coordinated measures to stabilize supply chains and mitigate further market shocks as tensions in the region persist.
The warnings come amid growing concerns over rising fuel prices and the potential impact on both US consumers and international energy markets.
