Global energy leaders from ExxonMobil, Chevron, and ConocoPhillips have warned the Trump administration that the ongoing conflict with Iran is pushing the world toward a severe energy crisis. According to a report by The Wall Street Journal, the executives emphasized that the disruption of shipping in the Strait of Hormuz is likely to worsen global supply instability.
On Sunday, President Donald Trump stated that while Washington remains in contact with Tehran, he remains skeptical of their readiness for serious peace negotiations. Adding to the regional tension, Emirates suspended all flights to and from Dubai early Monday following a drone incident near the airport. For its part, Iran has maintained that the conflict can only end if it receives guarantees against future attacks and full compensation for damages sustained during the war. (Iranintl)
For more details: Navamalayalam.com