#geopolitical-energy-strategy

#geopolitical-energy-strategy

The president meets with energy executives frequently to get their feedback on domestic and international energy markets. Topics included domestic production, progress in Venezuela, oil futures, natural gas and shipping.

Roughly 20 million barrels per day of oil moved through Hormuz in 2024, equivalent to about one-fifth of global petroleum liquids consumption. When that waterway closed, oil prices spiked to $126 per barrel in what the U.S. Energy Information Administration has described as the largest supply disruption in global oil market history.

"It is horrifying to see BP's profits grow as millions suffer the fallout from the U.S.-Israel war on Iran," Patrick Galey, head of investigations at campaigning outfit Global Witness, said in a statement responding to the company's results.

The IEA sees global oil demand falling by 80,000 barrels per day this year, compared with a projected year-on-year rise of 640,000 bpd in its previous monthly report.

Major indices, including the Nasdaq Composite, S&P 500, and Dow Jones Industrial Average, all recorded gains, with the Nasdaq delivering its strongest weekly performance since November.

In March, one month into the US-Iran war, China doubled the number of solar panels it was exporting, distributing 68 gigawatts of photovoltaic cells and silicon wafers.

China's stockpiling surged in 2025 due to relatively low oil prices tied to softer demand, rising geopolitical risks, and a new domestic energy law requiring more reserves.

The war in the Middle East is exposing how dependent the world is on a handful of strategic chokepoints. The Strait of Hormuz a narrow waterway in the Gulf is closed. The longer this goes on, the faster the global energy map could be reshaped.