White House mobilizes oil firms to cushion prices amid Iran standoff
TL;DR Summary
White House officials, including Treasury Secretary Scott Bessent, convened with Chevron and major oil traders to discuss steps to curb a price surge if Iran-related shipping blockades persist for months, as crude nears $100 a barrel and gasoline prices reach four-year highs; talks covered domestic production, Venezuela, oil futures, natural gas, and shipping, with a goal of minimizing the impact on American consumers while sustaining pressure on Iran.
- White House meets with Chevron, oil traders amid Iran standoff Politico
- Brent pares gains after hitting 4-year highs as report stokes worries of U.S. military action against Iran CNBC
- Trump is betting his blockade will defy history and break Iran CNN
- Brent jumps to four-year high on concerns of US-Iran war escalation Reuters
- Exclusive: Trump rejects Iran's offer, says blockade stays until nuclear deal Axios
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