White House officials are bracing for oil prices to surge past the $150-a-barrel mark as the Iran war stretches into its second month and the Strait of Hormuz remains largely closed, according to a new report.
In recent weeks, the average cost of a barrel of crude has hovered around $100, a figure that the Trump administration now sees as the new “baseline,” though a potential spike to $200 hasn’t been ruled out, a source familiar with the matter told Politico.
As a result, officials have entered “all hands on deck” mode, urgently evaluating options to tame soaring oil prices — which pushed gas above $4 a gallon this week and risks inflating costs across the broader economy.
I think you missed the point, which is that I think the way to handle this was Obama’s treaty before Trump dismantled it because it was an Obama accomplishment.
And while you’re talking about the point which is internal to US Politics you’re missing international one: not the first time that US&A started a war under false pretence, and now you’re pretty much on the same level as your friends: Israel and Russia.