US' record energy exports drive up fuel prices at home

The US has reached record energy exports of 14.2 million barrels daily in April, making it the world's largest energy exporter in history. However, this export surge has led to depleting domestic inventories and higher fuel prices for American consumers, with the Trump administration refusing to ban energy exports. The Gulf region is increasingly relying on US LNG production as Iranian strikes have disrupted Qatar's LNG output.