Trump aides pressed to spin good news as oil prices surge

As oil and gasoline prices surge amid Iran-related tensions, Politico reports that White House Chief of Staff Susie Wiles has been pressing Trump advisers to propose announcements to lower prices, with some aides reportedly being screamed at to produce good news. Press secretary Karoline Leavitt denied panic, saying there is a plan to keep prices stable. The White House is weighing options such as a temporary gasoline tax holiday, deploying troops to defend energy infrastructure in the Middle East, and loosening sanctions on Russian oil. Oil topped $90 a barrel; gas averages about $3.32 per gallon nationwide, higher in Portland. Markets fell on fears of stagflation from higher energy costs and a weak job data update.
- Trump advisers reportedly ‘getting screamed at’ amid surging oil and gas prices Yahoo
- Susie Wiles sounds the alarm on gas prices Politico
- Oil prices are soaring, but Trump is downplaying the need to tap the Strategic Petroleum Reserve AP News
- US weighs oil futures market action to combat price spikes, White House official says Reuters
- The Iran conflict will be the ‘straw that breaks the camel’s back’ for the U.S. economy if it goes on much longer, Nobel laureate Paul Krugman warns Fortune
Reading Insights
1
2
32 min
vs 33 min read
98%
6,506 → 116 words
Want the full story? Read the original article
Read on Yahoo