YACHT ROCK WEEKENDS Noon - Midnight

Listen Live

Search

Oil Industry Leaders Alert Trump Team: Energy Crisis May Deepen

Sunday, March 15, 2026 at 7:22 PM

Top executives from major oil companies met with Trump administration officials to discuss worsening energy market conditions. The leaders warned that ongoing disruptions in the Middle East could continue affecting global energy supplies and prices.

Leading executives from America’s largest petroleum companies have alerted President Donald Trump’s administration that the current energy crisis stemming from conflict involving Iran is expected to intensify, according to a Wall Street Journal report published Sunday.

Top officials from Exxon, Chevron, and ConocoPhillips delivered these warnings during White House meetings held last Wednesday, as well as in recent discussions with Energy Secretary Chris Wright and Interior Secretary Doug Burgum, the newspaper reported, citing sources with knowledge of the conversations.

The oil industry leaders expressed concerns that ongoing interference with energy transportation through the strategically important Strait of Hormuz shipping channel will persist in causing instability across worldwide energy markets, according to the report.

Reuters has not been able to independently confirm these details at this time.

Share

More from TV Delmarva Channel 33 News

  • Chinese E-Commerce Giant JD.com Enters European Market to Challenge Amazon

    JD.com has rolled out its Joybuy online marketplace across six European countries, directly competing with Amazon. The Chinese e-commerce company is emphasizing rapid delivery services and competitive pricing to gain market share in the region.

  • Key Players to Watch as March Madness Tournament Kicks Off

    As college basketball's biggest tournament begins, several standout players are positioned to make major impacts for their teams. From Arkansas's explosive scorer Darius Acuff to BYU's likely future NBA top pick AJ Dybantsa, these athletes could determine which teams advance deepest into March Madness.

  • Gas Prices Surge as Middle East War Disrupts Global Oil Supply

    Crude oil prices jumped more than 40% this month as ongoing conflict between the U.S., Israel and Iran threatens major shipping routes. The Strait of Hormuz remains closed, cutting off a fifth of the world's oil supply and driving prices to their highest levels since 2022.

  • Middle East War Strengthens India-Israel-Gulf Economic Ties, Experts Say

    Despite ongoing Middle East conflicts, business leaders and analysts argue that economic partnerships between India, Israel, and Gulf nations are becoming more resilient rather than weakening. The relationships span cybersecurity, defense technology, and infrastructure projects that have developed deep roots beyond political agreements.