US President Trump to reportedly review options to combat spike in oil prices as soon as Monday, according to reports

• Options under discussion with the G7 and US agencies include releasing strategic reserves, limiting exports, intervening in futures, waiving taxes, and easing the Jones Act. 

The reported review of options by President Trump to combat the spike in oil prices signals a potential shift in U.S. energy policy that could have immediate implications for oil markets. Possible measures like releasing strategic reserves or waiving taxes could alleviate price pressures, impacting inflation expectations and monetary policy, while geopolitical tensions may influence broader market sentiment across equities and currencies.