Trump’s ‘nuclear option’ on oil exports could lower gas prices, but at what cost?

1 min read
Source: The Independent
Trump’s ‘nuclear option’ on oil exports could lower gas prices, but at what cost?
Photo: The Independent
TL;DR

The Independent reports that Donald Trump reportedly has a theoretical 'nuclear option' to lower U.S. gas prices by restricting crude exports, a move that could temporarily boost domestic supply but risk sparking a global recession and major trade frictions; White House officials say the idea isn’t under consideration, while analysts warn any price relief would likely be short‑lived given U.S. dependence on foreign crude and ongoing tensions with Iran, with gas averaging about $4.53 a gallon.

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