US Oil Output Rises as Iran War Drives 40% Price Jump — NRG-IA

Shale expansion in key US basins — what happened US oil producers increase output after a 40% price surge triggered by the Iran war. This rapid expansion of drilling activity across major US shale basins, particularly the Permian region of Texas and New Mexico, comes as a direct response to a global supply crunch, according to Financial Times reports. Exploration and production (E&P) companies in the United States are quickly reconfiguring their capital budgets to capture the high profit margins generated by the current geopolitical environment, partially abandoning the capital discipline they maintained in recent years. Although international oil prices ticked slightly lower in recent days after US President Donald Trump indicated he would postpone planned military strikes on Iran following requests from Middle Eastern leaders, structural supply pressures remain elevated. This persistent volatility has prompted independent US drillers to reactivate idle rigs, anticipating that…