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Story summary
- Vice President Vance, Interior Secretary Doug Burgum, and Energy Secretary Chris Wright met with oil executives; the American Petroleum Institute (API) confirmed their attendance to discuss American oil's role in supplying energy amid Iran-related instability.
- The gathering comes as the Strait of Hormuz disruption from the Iran conflict raises oil prices.
- Brent crude is trading around $111 per barrel, boosting profits for energy companies while putting pressure on consumers.
