Oil shock tests the Trump energy strategy as Hormuz disruptions bite

Amid a Middle East crisis that has choked Strait of Hormuz shipping, oil prices hover around $100 a barrel and US gas prices have risen. The Trump administration is scrambling to calm markets by weighing options from easing domestic oil restrictions to more aggressive steps like direct market intervention or releasing the Strategic Petroleum Reserve, with talks of export limits and even military escorts. The G7 discussed stockpile releases, but analysts say the market remains tight and lasting stability will depend on a quick end to the conflict.