$ETH Recently, executives from the US oil industry have warned the Trump administration that an energy crisis triggered by the Iran situation could worsen further.



According to informed sources, during a series of White House meetings held on March 11th local time and recent communications with US Energy Secretary Wright and Interior Secretary Bergum, Chief Executive Officers of ExxonMobil, Chevron, and ConocoPhillips issued warnings that disruptions in energy transportation through the Strait of Hormuz, an important waterway, will continue to cause severe volatility in the energy market.

According to informed sources, when responding to questions from officials, ExxonMobil Chief Executive Darren Woods stated that if speculators unexpectedly drive up oil prices, prices could break through current highs, and the market could also see tight supplies of refined products. Chevron Chief Executive Mike Worth and ConocoPhillips Chief Executive Ryan Lance also expressed concerns about the scale of this supply disruption.
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