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Energy Leaders Warn Iran War Threatens Global Fuel Supply

3/28/2026

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Summary

Story summary

Industry leaders at the CERAWeek conference in Houston warned the Iran war could disrupt energy supplies.
Retired Gen. James Mattis warned ending the conflict could hand the Strait of Hormuz to Iran.
CEOs from ConocoPhillips and Kuwait Petroleum said the war could raise fuel shortages in Asia and Europe.
Oil prices surged on fears of disruption, and the situation remained tense with calls for U.S. protection of energy assets.

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Story summary

Industry leaders at the CERAWeek conference in Houston warned the Iran war could disrupt energy supplies.
Retired Gen. James Mattis warned ending the conflict could hand the Strait of Hormuz to Iran.
CEOs from ConocoPhillips and Kuwait Petroleum said the war could raise fuel shortages in Asia and Europe.
Oil prices surged on fears of disruption, and the situation remained tense with calls for U.S. protection of energy assets.