Trump meets Chevron and energy firms to address oil production and prices

10 articles · Updated · Reuters · Apr 29

Chevron CEO Mike Wirth, Treasury Secretary Scott Bessent, and Jared Kushner attended the White House meeting, which focused on oil market turmoil caused by the U.S.-Israeli war against Iran.
The Trump administration recently extended a 90-day Jones Act waiver and invoked the Defense Production Act to expand domestic energy and lower consumer prices, with further steps like relaxing refinery pollution rules under consideration.
High oil prices, driven by the Iran conflict and the Strait of Hormuz closure, threaten Republicans ahead of November's midterm elections as U.S. gas prices reach a record $4.23 per gallon.

Will record U.S. oil production shield Americans from predicted $7 per gallon gas prices?

With Iran's oil storage nearly full, is a diplomatic breakthrough or an economic collapse more likely?

Beyond releasing oil reserves, what can global leaders do to prevent widespread energy hoarding?

As Russia profits and China is squeezed, how is the Iran crisis redrawing the world's energy map?

Can U.S. mine-clearing operations reopen the Strait of Hormuz before a global recession hits?

How will the world's largest energy crisis reshape the global transition away from fossil fuels?