Iran War Jeopardizes Trump Plans for Big Oil’s Energy Dominance

From capturing Venezuela’s president to attacking Europe’s methane rules, President Donald Trump had created a slipstream for his oil-industry backers to expand production of fossil fuels and boost profits.

But his war against Iran, now entering its fourth week, is threatening to derail some of their longer-term plans, even as they benefit from the recent surge in crude and natural gas prices.

The conflict — which has killed more than 4,200 people across the Middle East — has all but halted tanker traffic through the vital Strait of Hormuz and curbed oil and gas output, causing chaos in a region energy executives ...