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

The reported review of options by President Trump to combat the spike in oil prices signals a potential shift in U.S.

Newsquawk StaffPublished On the live feed at 4 more headlines followed before this page went public
Newsquawk headlinesUTC

EU's Kallas says Israel should cease Lebanon operations; diplomacy is the best chance to prevent Lebanon chaos

US and China clash over fentanyl and tariffs at global drugs meeting, via Reuters; The Trump administration has told ​Beijing it expects to ​reimpose that levy ⁠under a different law

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

IAEA chief Grossi says some of the rest of Iran's uranium enriched to up to 60% may be at Natanz, but it is mostly located in Isfahan

Iran Foreign Ministry says oil tankers transiting the Strait of Hormuz must be "very careful"

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Free. No signup, no card.
  • 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. 
Context

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.

Related headlines

The whole workspace, free to try.

Try it free