Trump Hosts Oil Executives at White House to Discuss Energy Impacts of Iran Conflict

President Trump met with oil and gas executives at the White House on Tuesday to discuss the energy fallout of the Iran war and other topics. Chevron CEO Mike Wirth attended the meeting, a company spokesperson confirmed. White House chief of staff Susie Wiles attended the White House meeting with oil and gas executives, according to a source familiar with the meeting.

Treasury Secretary Scott Bessent attended the White House meeting with oil and gas executives, per a source familiar with the meeting. Steve Witkoff attended the White House meeting with oil and gas executives as an envoy, the source said.

Topics at the White House meeting included domestic production, progress in Venezuela, oil futures, natural gas, and shipping, a White House official stated. -built and -owned ships to move goods between domestic ports. S.

18 per gallon on Tuesday, according to AAA. The Strait of Hormuz handles about a fourth of the world's seaborne oil. Defense Secretary Pete Hegseth is scheduled to testify before the House Armed Services Committee on Wednesday.

The war in Iran began in February. A 60-day deadline to wind down hostilities in the Iran war ends on Friday. 5 trillion in defense spending, a 50% increase over current levels.

The defense spending request triples spending on drones and related technologies to more than $74 billion. The defense spending request directs over $30 billion toward munitions procurement. S. forces have struck more than 13,000 targets in Iran since February.

U.S. has used roughly half of certain missiles and other munitions in less than two months of exchanging fire with Iran, according to the Center for Strategic and International Studies (CSIS). Operation Epic Fury creates a window of vulnerability for a period of as many as four years to replenish stocks, said retired Col.

Mark Cancian. Randy George, who was the Army’s top officer. Hegseth fired John Phelan, the Navy secretary. Hegseth fired Maj. Gen. , who was the chief of the Army Chaplain Corps.

U.S. officials. Two of the four blocked colonels are women, the officials said. Two of the four blocked colonels are Black, according to the officials.

The 1973 War Powers Resolution gives the president latitude to conduct military strikes for a 60-day window. A major data center company paused investment decisions in the Middle East amid the Iran war, the company's CEO told CNBC.

Oil prices are above $100 per barrel. White House Chief of Staff Susie Wiles created an X account to share occasional updates about White House work. Treasury Secretary Scott Bessent stated that the US is targeting Iran's access to crypto.

Global oil markets are facing a historic supply disruption amid the war in the Middle East, according to the IEA. The war in Iran cut off an important source of natural gas, The New York Times reported. BP profits more than doubled as the Iran war sent oil prices higher, BBC News reported.

BP saw an exceptional performance at its oil trading business. A lull in the Iran war has helped prevent oil price spikes, according to The Dispatch. Jamie Dimon warned that the war in Iran risks oil and commodity price shocks that could keep inflation sticky and push interest rates higher.

Defense Secretary Pete Hegseth is scheduled to make back-to-back public appearances on Capitol Hill this week, The Hill reported. White House Chief of Staff Susie Wiles created a professional social media account linked to the White House, according to Just the News. Susie Wiles shared her cancer diagnosis on her personal social media account last month.

Total profits jumped 29% as the war drove oil price surge and trading gains, the Financial Times reported. Total doubled buybacks and increased dividends as it offset production losses in the Middle East. com reported.

's attack on transgender care unlawful and an act of cruelty, according to the Los Angeles Times. RFK Jr. threatened to block Medicaid payments to hospitals offering gender-affirming care to minors. com reported.

The yield on the 10-year gilt climbed back above five percent for only the third time since the Iran war broke out on Tuesday. The war in Iran was launched on February 28, Le Monde reported. Lebanon has officially been at war with Israel since 1948, according to Al-Monitor.

Lebanon's President Joseph Aoun is pushing for direct talks with Israel. Hezbollah rejects direct talks with Israel. Two wars between Israel and Iran-backed Hezbollah have exhausted Lebanon. Adidas CEO stated that the majority of World Cup products are in markets despite ongoing supply and transportation challenges.