$ETH Recently, executives from the American oil industry have been warning the Trump administration that an energy crisis triggered by the Iran situation is likely to worsen further.

According to informed sources, during a series of White House meetings held on March 11 local time and recent communications with US Energy Secretary Wright and Interior Secretary Burgum, the chief executives of ExxonMobil, Chevron, and ConocoPhillips issued warnings that energy transportation disruptions in the Strait of Hormuz, this critical waterway, will continue to cause severe volatility in the energy market.
Informed sources stated that in response to officials' questions, ExxonMobil Chief Executive Darren Woods expressed that if speculators unexpectedly drive up oil prices, prices could break through current highs, and the market could also experience tight supplies of refined oil products. Chevron Chief Executive Mike Worth and ConocoPhillips Chief Executive Ryan Lance also expressed concerns about the scale of this supply disruption.