COP News & Events

Foreign ministers from G7 countries signaled their interest at a diplomatic summit in France on Friday in joining a multinational mission to patrol the Strait of Hormuz after a cease-fire is reached with Iran, reported The Wall Street Journal's Robbie Gramer. Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Shell (SHEL) and TotalEnergies (TTE).

Allies of the United States in the Persian Gulf, including Saudi Arabia, are close to joining military action against Iran, The Wall Street Journal's Summer Said and Jared Malsin report, citing people familiar with deliberations. Crown Prince Mohammed bin Salman is eager to re-establish deterrence against Iran interfering with energy shipping/infrastructure and is close to a decision to join the attacks, the report states.

Jarrod Agen, the executive director of White House National Energy Dominance Council, has stated that the Trump administration has held talks with oil companies about increasing output in Alaska, including the National Petroleum Reserve, Bloomberg's Ari Natter reports. The report cites Agen indicating that the issue has come up during meetings of CERAWeek by S&P Global conference.