White House Prepares Plan to Combat Oil Price Spike

Trump acknowledges spike in oil prices from Iran war, promises 'prices are going to drop'

'If we have a little high oil prices for a little while, but as soon as this ends, those prices are going to drop, I believe, lower than even before,' says president - Anadolu Ajansı

US will take action to mitigate oil price spike for Americans, Rubio says

White House Preparing Plan to Stabilize Oil Markets: Rubio

The White House is preparing to unveil a strategy aimed at bringing down rising energy prices following the joint U.S.-Israel operations in Iran, said Secretary of State Marco Rubio. Rubio, speaking to reporters on March 2, stated that Energy Secretary Chris Wright and Treasury Secretary Scott Bessent would announce efforts to mitigate increasing oil and gas prices. “We knew that going in would be a factor,” Rubio said. “We talked about it last …

White House Prepares Plan to Combat Oil Price Spike

The United States will unveil a phased plan to mitigate the spike in oil prices amid the ongoing conflict in Iran and the wider Middle East, U.S. Secretary of State Marco Rubio said late on Monday as oil prices jumped by 10% following the U.S.-Israel strikes on the Islamic Republic.  Oil jumped on Monday as flows through the vital Strait of Hormuz were severely restricted and oil companies, traders, shippers, and insurers hastened to halt operat…

Trump Plan to Stabilize Oil - Sustainable Action Now (SAN)

Sustainable Action Now | Climate & Energy Security Special Report Global energy markets are once again on edge. In a high-stakes geopolitical moment, U.S. Secretary of State Marco Rubio confirmed that the Donald Trump administration is actively developing a plan to calm oil markets following escalating tensions with Iran. The announcement comes as Tehran warns it may target ships navigating the Strait of Hormuz, a narrow but critical artery for …

Marco Rubio Says Trump Has Plan To Tame Oil Prices As Iran War Rages, Warns Of More Punishing Phase Ahead— 'It's An Unacceptable Risk'

Secretary of State Marco Rubio addressed growing concerns over escalating energy prices due to the U.S.-Iran war and hinted at a plan in place.