Shale oil executives lament: the "chaos" sparked by the Iran war is sweeping through the oil market

Despite the rising oil prices, American shale oil executives are still complaining that the market volatility triggered by the Middle East conflict has not made their job any easier. In a series of anonymous comments in a report released by the Dallas Fed on April 23, energy executives mentioned the long-term uncertainty about the outcome of war and its impact on supply and demand. Some individuals interviewed as part of the survey criticized President Trump, saying they believe he cannot explain the logic behind the conflict. Most executives expect employment stability or only slight increases this year, with around 80% of respondents predicting that shipping through the Strait of Hormuz will not return to normal until at least August. "If the government believes we need to prolong the conflict, it needs to clearly articulate the long-term strategic objectives and the risks of inaction," one respondent was quoted as saying. "This is not just about the number of barrels of oil."