Tehran was caught off guard by oil traffic speed; U.S. warns of military and economic response
Iran admits mistake in Strait of Hormuz attacks to Trump aides
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Summary
The U.S. will respond, using military and economic leverage, if Iran continues to engage in hostile acts, the officials said.
Meanwhile, oil giants like Exxon Mobil are poised to gain billions from potential conflict with Iran, but they are not ramping up drilling despite Trump's insistence. Exxon Mobil previewed a possible $5 billion profit jump ahead of its second-quarter earnings. Trump has been pushing for more fossil fuel output, declaring a national energy emergency in January 2025, but companies have not complied.
The U.S. has warned it will respond with military and economic leverage if Iran continues hostile acts. Trump is giving negotiators space and time to make a deal, but not much time, according to officials.
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Oil giants to gain ‘billions’ from Iran war — but won’t ramp up drilling despite Trump’s insistence.
reliability moderate2/2 sourcesMr. Trump is giving U.S. negotiators space and time to make a deal — but not a lot of time, one of the officials said.
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In a preview ahead of its second-quarter earnings, Exxon Mobil said this week that it could see a jump of $5 billion.
according to New York PostTrump has been pushing for more fossil fuel output, repeatedly urging companies to expand drilling operations and declaring a national energy emergency on the first day of his second term in January 2025.
according to New York PostBut Iran was caught off guard by how rapidly traffic was moving — and how much of the oil and gas traffic was moving through the southern lane — and that is why they reneged, one of the officials said.
according to CBS News — LatestThe U.S. will respond, using military and economic leverage, if Iran continues to engage in hostile acts, the officials said.
according to CBS News — Latest
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