Analytics

Short of Ending Iran Conflict, Trump Has Limited Tools to Lower Oil Prices

The article in The New York Times notes that the Trump administration has a very limited set of tools to quickly reduce oil prices. As long as disruptions to supply through the Strait of Hormuz persist, any measures can only partially mitigate the impact but are unlikely to fundamentally change the situation.
Short of Ending Iran Conflict, Trump Has Limited Tools to Lower Oil Prices
While officials look for ways to ease oil shocks, experts say higher prices will likely persist until traffic through the Strait of Hormuz returns. As the war in Iran causes oil prices to surge and U.S. gasoline prices to rise, Trump administration officials are searching for ways to ease pain at the pump and fend off a voter backlash. Yet... ...

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