US crude exports hit record as Iran war disrupts Middle East supplies
Foreign sales could push up US petrol prices and increase political pressure on Trump administration to curtail exports
Foreign sales could push up US petrol prices and increase political pressure on Trump administration to curtail exports

‘Armada’ of Asian tankers heads for American ports as energy shortages spread

Hormuz closure prompts surge in buying from Asia and Europe

Crude had stabilised on optimism that a deal could be reached to reopen the Strait of Hormuz

Address by Trump signalling possible escalation of Iran conflict raises prospect of prolonged closure of Strait of Hormuz

Costs at the pump exceed level at the end of the Biden administration

Soaring fuel prices and access to cheap North American crude oil put American refiners in pole position