$ETH Recently, executives from the American oil industry have been warning the Trump administration that an energy crisis triggered by the Iran situation could potentially 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 Bergum, the chief executive officers of ExxonMobil, Chevron, and ConocoPhillips issued warnings that disruptions in energy transportation through the Strait of Hormuz, a critical waterway, will continue to cause severe volatility 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 supplies of refined petroleum products. Chevron Chief Executive Mike Worth and ConocoPhillips Chief Executive Ryan Lance also expressed concerns about the scale of this supply disruption.