Victoria Craig

Now, one of the world's leading fertilizer companies, Emirati Fertiglobe, will start trucking its cargo out of the Gulf rather than shipping it through the Strait of Hormuz.

The OPEC Plus group of oil producers said Sunday they will increase June production by 188,000 barrels a day, and slightly less than May's increase.

It was the first decision without the United Arab Emirates.

That country's shock departure announced last week became official on May 1st.

But despite the boosted production, there is still no plan to reopen the Strait of Hormuz.

And that has the world wondering where it can turn for more supplies longer term if needed.

The answer, at least for now, seems like it's not to U.S.

oil majors.

Stephanie Findley is our correspondent in Houston, Texas.

She's been talking to a couple of the biggest American oil producers and joins me now.

Hi, Stephanie.

Hi there.

So ExxonMobil and Chevron told you they do not have plans to increase production.

Why?

On the consumer side of this equation, you know, we've seen gas prices here in the U.S.

soar to more than $4 a gallon on average.

In some places, it's much higher than that.

since the start of the war.

If domestic companies do decide that they want to pump more, would that make a difference to prices at home?

And how quickly might that happen?