Energy Bosses Share Iran Anxieties at Key Houston Gathering

Houston’s showpiece energy conference is usually an opportunity for backslapping and glad-handing. But this year executives are nervously watching the impact of the Iran war and the lack of any clear path toward a resolution.

Despite elevated oil and natural gas prices juicing stock prices, uncertainty about the resumption of supplies through the Strait of Hormuz hung heavily over the first day of CERAWeek by S&P Global, an annual fixture that attracts the biggest names in the industry.

The near-closure of the strait since the start of the conflict has curtailed more than 10 million barrels a day of ...