Oil Industry Warns Trump Administration Fuel Crunch Will Likely Worsen
Source: The Wall Street Journal.
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Oil Industry Warns Trump Administration Fuel Crunch Will Likely Worsen
Oil executives told officials in White House meetings the closure of the Strait of Hormuz may push up oil prices further
By Collin Eaton and Benoît Morenne
March 15, 2026 6:00 pm ET
American oil executives delivered a bleak message to Trump officials in recent days: The energy crisis the Iran war has unleashed is likely to get worse.
In a series of White House meetings Wednesday and recent conversations with Energy Secretary Chris Wright and Interior Secretary Doug Burgum, the CEOs of Exxon Mobil XOM, Chevron CVX and ConocoPhillips COP warned that the disruption to energy flows out of the vital Strait of Hormuz waterway would continue to create volatility in global energy markets, according to people familiar with the matter.
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Read more: https://www.wsj.com/business/energy-oil/oil-industry-warns-trump-administration-energy-crisis-will-likely-worsen-0a5c8b1a
I edited the article to remove the stock price changes, which are confusing in plain text.
The authors:
Reporter, The Wall Street Journal
Collin Eaton writes about the largest American oil companies and global energy issues in The Wall Street Journal's Houston bureau. Collin joined the Journal in early 2020, a few weeks before the onset of the pandemic and a historic oil-market collapse that crippled U.S. shale companies. In the aftermath, Collin covered the major strategic shifts that have changed the industry's role in the world's energy market, as well as the return of $100-a-barrel oil and record fuel prices as companies and consumers grappled with inflation.
Collin previously wrote about oil and gas for Reuters and the Houston Chronicle. He began his career writing about banking and finance in Houston.
Reporter, The Wall Street Journal
Benoît Morenne covers the U.S. oil-and-gas industry for the The Wall Street Journal. He has investigated the agendas of powerful fossil fuel billionaires, delved into epic feuds pitting some of the world's largest energy companies against each other, and revealed how drillers navigate a treacherous political landscape. With his colleagues, he has broken some of the biggest oil-and-gas deals in years.
He previously worked as a staff writer for the Deseret News in Utah. He earlier reported for the Journal as an intern in Paris. A French native, he began his career as a reporter in the New York Times' Paris bureau. He is a graduate of Columbia University’s Graduate School of Journalism, where he was awarded a Pulitzer Traveling Fellowship.
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