JD Vance will meet oil executives at the American Petroleum Institute as the White House seeks to address rising gasoline prices following the U.S. attack on Iran. Crude prices have surged and tanker traffic through the Strait of Hormuz has declined, disrupting global supply. The administration has released 172 million barrels from reserves and eased shipping rules, though analysts say options to curb prices remain limited.

2026-03-19

JD Vance will meet oil executives at the American Petroleum Institute as the White House seeks to address rising gasoline prices following the U.S. attack on Iran. Crude prices have surged and tanker traffic through the Strait of Hormuz has declined, disrupting global supply. The administration has released 172 million barrels from reserves and eased shipping rules, though analysts say options to curb prices remain limited.