Commodities
US Oil Exports Hit Record as Iran War Energy Crunch Deepens
A crude oil tanker at the Port of Corpus Christi in Corpus Christi, Texas.
Photographer: Eddie Seal/BloombergUS crude exports surged to a record last week as the Iran war sends overseas buyers hunting for replacements to Middle Eastern oil.
Even as the US and Iran hold on to a fragile ceasefire, oil buyers across the world are still grappling with the worst disruption to global energy supplies in history. American exports have been critical to help fill the gap, with President Donald Trump pushing for more US production as part of his energy dominance agenda.