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.


The GOP already knows that they have lost the majority, so they try every trick in the book to keep non-republicans from voting. But with those gas prices, even hardcore country yokels who voted for anything with “REP” to it, dead or alive, might start thinking about this.
If you live in the city there’s probably a bus that runs nearby even if it sucks. If you live in rural Montana you probably try though F-150 over a dozen miles to the nearest grocery store