Oil near $100 leaves Trump with few levers as tensions mount
TL;DR Summary
Trump’s options to influence energy prices are narrowing as crude trades near $100 per barrel amid renewed Iran tensions; with SPR inventories at low levels and chokepoints like the Strait of Hormuz and Bab el-Mandeb at risk, analysts warn the administration may face escalation or surrender, potentially triggering a sharper rise in oil prices.
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- Oil falls on report Pakistan is pushing for new U.S.-Iran talks with China's backing CNBC
- A dangerous new phase of war is breaking all the oil market’s constraints CNN
- Stock Market News, July 24, 2026: Crude Oil Slips on New Hopes for Peace Talks WSJ
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