BusinessUS Oil Majors Warn Trump Of Prolonged Energy Shock As Crude Crosses $100

US oil majors have cautioned the Trump administration that the ongoing conflict involving Iran could lead to prolonged instability in global energy markets. Industry leaders from companies including ExxonMobil and Chevron conveyed their concerns during meetings with US Energy Secretary Chris Wright and Interior Secretary Doug Burgum. The executives reportedly said the current energy shock triggered by the conflict could intensify in the weeks ahead if the war continues to disrupt shipping and oil production in the Gulf region.

Rising concerns over global oil supply have been on edge since the escalation of hostilities in West Asia began disrupting maritime traffic through the Strait of Hormuz, one of the most strategically important oil transit routes in the world. The narrow waterway connects the Persian Gulf to global shipping lanes and handles roughly one-fifth of the world’s oil exports.

Oil executives warned US officials that continued attacks near the strait could deepen volatility in crude markets and prolong the energy shock that has already pushed prices above $100 per barrel. Higher oil prices have historically carried broad economic consequences, raising transportation costs, fuelling inflation and increasing pressure on energy-importing economies.

The Strait of Hormuz has become a focal point of the conflict, as attacks on shipping vessels and regional infrastructure have slowed maritime traffic through the passage. President Trump has urged other countries to help secure the route by deploying naval vessels to escort commercial ships. The United States is exploring the formation of an international coalition that could patrol the strait and ensure safe passage for tankers.