U.S. Oil Executives Warn Energy Prices May Surge Amid Strait of Hormuz Disruptions

According to U.S. oil industry executives, oil companies have warned White House and senior government officials in recent weeks that shipping disruptions in the Strait of Hormuz are causing crude oil shortages and reducing petroleum inventories. Industry leaders cautioned that global energy prices could surge in coming weeks. Executives also highlighted regional concerns, including risks of aviation fuel shortages on the U.S. West Coast.
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