US Eyes Possible $200 Oil Price as Secretary Signals Mitigation Moves

In a Meet the Press interview, Energy Secretary Chris Wright did not rule out oil hitting $200 per barrel amid war-related price pressures, but highlighted mitigation steps such as a coordinated release of 400 million barrels with allies and increased U.S. production (including in California) to cushion prices, while reiterating the administration’s goal of keeping gasoline and energy costs low.