Wirth said economies will begin shrinking, starting with Asia and then Europe would follow, as demand responds to rising prices. The U.S. would be shielded from the worst of it, he said, but not entirely.
President Trump and top lieutenants met with oil and gas execs at the White House on Tuesday to discuss the energy fallout of the Iran war and other topics, Axios has learned. Why it matters: The unprecedented Middle East supply disruption is boosting commodity prices and creating a mix of opportunity and peril for the industry. Driving the news: Among the attendees was Chevron CEO Mike Wirth, a company spokesperson confirmed. - White House chief of staff Susie Wiles, Treasury Secretary Scott Bessent, and envoys Steve Witkoff and Jared Kushner were on hand, per a source familiar with the meeting. The big picture: "The president meets with energy executives frequently to get their feedback on domestic and international energy markets," a…