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White House Pressures Oil Companies to Increase Production Amid Rising Prices

4/16/2026

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Summary

Story summary

The White House urges oil companies to boost production as U.S. gasoline prices rise from Iran-related conflict and Strait of Hormuz disruptions.
Energy Secretary Chris Wright and Interior Secretary Doug Burgum will hold a call with Exxon Mobil, Chevron, and others to discuss boosting drilling.
Oil prices exceed $100 per barrel, fueling political pressure ahead of the midterms.

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Story summary

The White House urges oil companies to boost production as U.S. gasoline prices rise from Iran-related conflict and Strait of Hormuz disruptions.
Energy Secretary Chris Wright and Interior Secretary Doug Burgum will hold a call with Exxon Mobil, Chevron, and others to discuss boosting drilling.
Oil prices exceed $100 per barrel, fueling political pressure ahead of the midterms.