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Trump Pushes Record U.S. Oil Output Amid Hormuz Tensions

7/12/2026

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Summary

Story summary

U.S. President Donald Trump is promoting expanded domestic oil and gas production to lower prices.
U.S. oil output reached a record 21.1 million barrels per day in 2025, nearly matching Saudi Arabia and Russia.
The United States stayed the world’s largest natural-gas producer and top petroleum-product exporter in 2025.
Economists warned the Iran conflict exposes reliance on the Strait of Hormuz, prompting calls for greater U.S. energy dominance.

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Story summary

U.S. President Donald Trump is promoting expanded domestic oil and gas production to lower prices.
U.S. oil output reached a record 21.1 million barrels per day in 2025, nearly matching Saudi Arabia and Russia.
The United States stayed the world’s largest natural-gas producer and top petroleum-product exporter in 2025.
Economists warned the Iran conflict exposes reliance on the Strait of Hormuz, prompting calls for greater U.S. energy dominance.