US President Donald Trump is set to review options to curb the recent surge in oil prices, which have crossed the $100 per barrel mark amid the ongoing Middle East conflict.
US officials are discussing a joint release of crude oil from strategic reserves, restricting US exports, intervening in oil futures markets, or waiving federal taxes as possible measures.
The White House claims to have a 'strong game plan' to keep energy markets stable, but analysts say US policy options will have little effect as long as the conflict blocks Middle East oil exports.
The crisis comes at a critical time for Trump, who has sought to keep fuel prices low as a cornerstone of his economic message to voters.
