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.

    • captainlezbian@lemmy.world
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      3 hours ago

      His older brother, Fred, died of alcoholism related illness. If you believe Fred’s daughter (the anti trump psychologist who wrote a book on her uncle) his alcoholism was a byproduct of the abusive household that they (Fred and Donald) grew up in.

      Sobriety (alcohol) in response to that seems to be a rare bit of Donald making a wise choice, though it could easily be him attempting to one up his brother

    • TigerAce@lemmy.dbzer0.com
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      5 hours ago

      Hitler never drank, and Trump can’t drink because it would kill his only braincell. But he is also known to never, or rarely, drink alcohol.