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The war in Iran is driving crude prices up again and Trump is summoning oil companies to the White House

La nueva escalada bélica en torno al estrecho de Ormuz vuelve a elevar el precio del barril de Brent sobre los 90 dólares. Leer

Translated from Spanish Read in Spanish

The price of Brent oil has risen above $90 per barrel due to the escalating conflict between the US and Iran. US President Donald Trump met with leaders of major US oil companies, including Chevron and Valero Energy, to discuss ways to increase refining capacity and reduce prices. The meeting comes as the price of gasoline has surged above $4 per gallon and diesel is nearing historic highs.

The US has launched new attacks on Iranian targets near the Strait of Hormuz, prompting a 4% increase in oil prices, with the Brent barrel reaching $94 and Texas oil approaching $90. Trump warned that Iran will face a stronger response if it retaliates against the US attacks.

Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

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