[Iran War Disrupts Global Supply, Trump Seizes Opportunity to Accelerate Alaska Production] According to a report by Jinse Finance on May 16, U.S. media reported that the Trump administration plans to simplify the permitting and approval process for oil projects within Alaska's National Petroleum Reserve to boost crude oil production in the Arctic region of the United States. The Department of the Interior's move aims to establish a new permitting framework for the construction and operation of oil production facilities and related infrastructure. Under this plan, eligible projects may receive analysis and authorization more quickly, potentially in as little as 30 days. This initiative could benefit companies holding leases in the reserve, such as ConocoPhillips, Santos, and Repsol, by expediting government reviews of projects like ConocoPhillips' Willow project, which has faced strong opposition from climate activists. Amid the Iran war, with approximately 20% of global supply trapped in the Persian Gulf, the Trump administration has intensified calls for U.S. oil companies to increase production.