$ETH Recently, executives from the U.S. oil industry have warned 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 U.S. Energy Secretary Wright and Interior Secretary Burgum, the chief executive officers of ExxonMobil, Chevron, and ConocoPhillips issued warnings that energy transportation disruptions through the Strait of Hormuz, a critical waterway, will continue to cause severe fluctuations in the energy market.

According to informed sources, in response 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 experience tight refined product supplies. Chevron Chief Executive Mike Wirth and ConocoPhillips Chief Executive Ryan Lance also expressed concerns about the scale of this supply disruption.