Trump Hosts Oil Executives to Discuss Production and Blockade Amid Iran Conflict

President Trump met with oil and gas executives at the White House on Tuesday, April 28, 2026, amid escalating gas prices driven by the ongoing war with Iran. The gathering, hosted by Treasury Secretary Scott Bessent, included Vice President JD Vance and White House chief of staff Susie Wiles.

Executives discussed steps to continue the current blockade for months if needed and to minimize impact on American consumers, according to a White House official cited in ABC reporting.

Attendees also addressed domestic production, progress in Venezuela, oil futures, natural gas, and shipping, the official said. Earlier this month, President Trump invoked wartime authority under the Defense Production Act to push for more oil and gas.

U.S. Ports. President Trump rejected an offer from Iran that would end the naval blockade without a nuclear agreement, he told Axios. He canceled a second round of talks in Pakistan this past weekend. President Trump stated he did not see the point of sending his top negotiators, including special envoy Steve Witkoff and his son-in-law Jared Kushner, to the talks in Pakistan.

29, or 44%, since the start of the war. These prices mark the highest level in four years and the highest since Russia invaded Ukraine in 2022. On April 23, 2026, President Trump told a reporter in the Oval Office that Americans should anticipate higher prices for a little while.

Described the toll on her business. She receives big truck deliveries from national distributors twice a week, with fuel charges rising to as much as $55 per delivery, Woods told ABC News Correspondent Elizabeth Schulze. "We've noticed that we're getting increased charges with every delivery that we receive.

We get six, seven deliveries per day, and more and more of those deliveries come with an associated fuel charge," Woods said. Woods added that there are definitely months where her business is not making a profit at all, particularly with fresh items.

There's also not much margin for error, but you have to sell what's in stock," she told Schulze. Woods said she is definitely bracing for even higher prices in the months ahead.