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

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.
- Trump has a ‘nuclear option’ to bring down gas prices. Will it work? The Independent
- Trump has a ‘nuclear option’ to slash gas prices. It could backfire badly CNN
- Opinion | The one weird trick to lower gas prices the Trump administration hates MS NOW
- The oil market’s jawboner-in-chief Politico
- Trump Administration Evaluates Oil Export Restrictions Amid Price Spikes HarianBasis.co
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Read on The Independent