"The disruption has cut much of the world off from a vital supply of oil and gas, as Reuters reports, which has sent the price of crude oil soaring since US-Israeli strikes began on Saturday. The price of a barrel of crude oil shot up by more than $10, reaching almost $80, triggering ripple effects at gas pumps in many markets - including the US, where voters are likely to blame the expense on Trump."
"Meanwhile, alarm bells are going off in the White House, with chief of staff Susie Wiles telling president Donald Trump's advisors to come up with ideas on how to keep gas prices from spiking. One energy industry executive told the publication that the White House is 'looking under every rock for ideas on improving energy prices, especially gasoline prices.'"
"It's a massive self-inflicted political crisis that has White House officials in full damage control mode. 'Folks are scrambling for announcements and messaging to counter the narrative' of rising gas prices, Politico's source said."
The Trump administration's military actions against Iran have created a major disruption in global oil supply by blocking tanker traffic through the Strait of Hormuz, a critical chokepoint for world oil and gas. Crude oil prices have surged more than $10 per barrel, reaching nearly $80, with gasoline prices jumping 11 cents overnight in the US. The White House is in damage control mode, with chief of staff Susie Wiles directing advisors to develop strategies to prevent further gas price increases. This timing is particularly problematic given existing concerns about inflation and affordability in America. White House officials are actively searching for messaging and policy announcements to counter the narrative of rising energy costs, though press secretary Karoline Leavitt denies any panic.
Read at Futurism
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