The Trump administration said it is not considering a ban on U.S. oil exports despite surging fuel prices following the February 28 Iran war. Officials, including Energy Secretary Chris Wright, assured industry leaders such a ban is off the table, citing risks to producers and global supply. Shale executives warned that restrictions would hurt U.S. producers without lowering domestic gasoline prices. Brent crude recently traded near $112 per barrel, with U.S. petrol approaching $4 a gallon, rais

The Trump administration said it is not considering a ban on U.S. oil exports despite surging fuel prices following the February 28 Iran war. Officials, including Energy Secretary Chris Wright, assured industry leaders such a ban is off the table, citing risks to producers and global supply. Shale executives warned that restrictions would hurt U.S. producers without lowering domestic gasoline prices. Brent crude recently traded near $112 per barrel, with U.S. petrol approaching $4 a gallon, raising political concerns ahead of midterms.