Dailyloe.com – Washington, April 29, 2026, U.S. President Donald Trump met with oil and gas executives at the White House on Tuesday to discuss the impact of the Iran conflict on global energy markets and the potential for an extended blockade of the country.
The meeting was attended by senior officials, including Treasury Secretary Scott Bessent, Vice President JD Vance, White House Chief of Staff Susie Wiles, and envoys Steve Witkoff and Jared Kushner. Chevron CEO Mike Wirth was also present, according to a company spokesperson.
Sources familiar with the discussion said the meeting focused on possible steps to sustain the blockade against Iran for several months if necessary, while minimizing the impact on American consumers. Other topics included domestic energy production, developments in Venezuela, oil futures, natural gas, and energy transportation.
The talks come amid ongoing disruptions to global energy supply caused by the prolonged conflict with Iran. The effective closure of the Strait of Hormuz—a critical route for global oil shipments—has driven energy prices to multi-year highs.
Rising oil prices have pushed U.S. gasoline prices above $4 per gallon, the highest level since 2022, raising political concerns among Republicans as they brace for domestic fallout.
The White House has taken measures to ease price pressures, including temporarily waiving certain domestic shipping regulations. However, officials acknowledge that policy options to counter market volatility remain limited.
At the same time, reduced supply from the Middle East has created opportunities for increased U.S. exports of oil and liquefied natural gas. Still, prolonged high prices could dampen global energy demand if they persist.
