White House officials are bracing for oil prices to surge past the $150-a-barrel mark as the Iran war stretches into its second month and the Strait of Hormuz remains largely closed, according to a new report.

In recent weeks, the average cost of a barrel of crude has hovered around $100, a figure that the Trump administration now sees as the new “baseline,” though a potential spike to $200 hasn’t been ruled out, a source familiar with the matter told Politico.

As a result, officials have entered “all hands on deck” mode, urgently evaluating options to tame soaring oil prices — which pushed gas above $4 a gallon this week and risks inflating costs across the broader economy.

  • TigerAce@lemmy.dbzer0.com
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    2 days ago

    The only big difference between Adolf Hitler and Donald Trump is that Hitler didn’t sexually abuse children.

    Comparisons:

    • never drinks alcohol
    • tariff war which is worst for themselves
    • oil shortages by bad planning
    • declaring wars
    • stealing Nobel peace prize (was Goebbles, but whatever)
    • fucking up the economy
    • started a world war
    • is senile AF
    • blames minorities for everything
    • wants to get rid of minorities by any means necessary
    • doesn’t care about rules or laws, human rights or war crimes
    • wants to build megalomaniac buildings
    • only recognizes self appointed judges
    • builds a close circle of radicalized idiots around him who can’t say no to him
    • empoweres criminal enterprises, surrounds himself with and protects criminals, steals from the poor, creates a regime enriching itself illegally

    Should I continue?