Wall Street Journal Warns of Escalating Crisis Amidst War Against Iran

According to the International Desk of Webangah News Agency, the Wall Street Journal, quoting energy consultants, has reported that the situation is becoming unmanageable in the shadow of the lack of prospects for resolving the war against Iran.

The report indicates that the CEO of Chevron, speaking at a conference in Texas, admitted that the company has largely exhausted its risk mitigation tools for energy prices and supply.

He further stated that reserves are no longer at pre-crisis levels, providing no reason to expect a decrease in oil prices.

This comes as U.S. officials, particularly President Donald Trump, have repeatedly claimed that oil prices would decline in the short term, seemingly to alleviate the psychological pressure stemming from the aggression against Iran.