Oil bosses warn Hormuz disruptions could deepen energy turmoil

Executives from major U.S. oil companies warned Trump administration officials that disruptions in the Strait of Hormuz could push crude and fuel prices higher and worsen the global energy crisis, as policymakers mull steps like easing Russian oil sanctions, tapping emergency reserves, suspending the Jones Act, and increasing Venezuelan imports; industry leaders say domestic or Venezuelan production alone may not fully offset the losses from Hormuz.