US President Trump’s chief of staff, Susie Wiles, is telling his advisers to bring ideas to the Oval Office to lower gasoline prices in the wake of the US attack on Iran, according Politico citing sources
Importance
Level 1
- Some of the ideas the admin is considering include a temporary holiday on the gasoline tax, however, that might not bring immediate relief since it would require action from Congress and also no guarantee oil refiners and gas stations would pass the savings along to drivers.
- Some admin officials have also floated using the US military to defend energy infrastructure in the Middle East.
#UNITED STATES#USD#EUR#JAPAN#JPY#UNITED KINGDOM#GBP#ASIA#EUROPE#CHIEF OF STAFF#FOREX#EQUITIES#ENERGY#EU SESSION#US SESSION#DOW JONES INDUSTRIAL AVERAGE#WTI#COMMODITIES#GOLD#S&P 500 INDEX#NASDAQ 100 INDEX#BRENT CRUDE#DXY#GASOLINE#TRUMP#ENERGY & POWER