Top US oil executives have warned Donald Trump that the ongoing tensions involving Iran could disrupt global energy markets and drive oil prices higher.
Industry leaders told US officials that the conflict may threaten tanker movement through the Strait of Hormuz, a critical route for global crude shipments. Any disruption in the waterway could tighten supplies and trigger prolonged volatility in energy markets. Crude prices have already surged amid fears of escalation.
Analysts say further instability in the Gulf region could worsen the supply outlook and push fuel costs higher worldwide, raising concerns over inflation and economic pressure for many oil-importing countries.