US oil companies urge resumption of strait shipping to stabilize oil prices, US government responds passively

汇通财经2026/03/16 05:14

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Executives from several multinational oil companies in the United States recently stated during meetings with U.S. government officials that the ongoing obstruction of shipping in the Strait of Hormuz could lead to further increases in international oil prices, causing volatility in the global energy market and putting pressure on the global economy. U.S. government officials responded, "There is nothing that can be done at the moment."The Wall Street Journal reported on the 15th that the U.S. government had previously held a series of meetings, with Energy Secretary Wright and Interior Secretary Burgum meeting with several oil company executives to discuss the impact of the current situation on the economy. These executives believe that the energy market is affected by heightened tensions, and given that U.S. oil production will not significantly increase in the short term, the only way to resolve market turmoil is to restore passage through the Strait of Hormuz.According to reports, ExxonMobil CEO Darren Woods warned during the meeting that market volatility could lead to further increases in oil prices and shortages in refined oil supplies. Additionally, executives from Chevron and ConocoPhillips also expressed concerns about the current supply disruptions during the meeting.The report cited an unnamed senior government official as saying that the U.S. government is aware that oil prices will continue to rise, but "there is nothing that can be done at the moment."Chevron CEO Mike Wirth previously stated that the market is currently "full of volatility and uncertainty, making it difficult to predict."Crude oil transported through the Strait of Hormuz accounts for about one-fifth of the world's total oil shipments. As one of the world's top three exporters of liquefied natural gas, nearly all of Qatar's LNG is shipped through the Strait of Hormuz, accounting for about 20% of global supply. (Xinhua News Agency)

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路透社•2026/10/08 16:11