Trump Reviews Options to Curb Energy Prices as Iran Strikes Roil Markets

U.S. President Trump is reviewing various options to curb rising oil prices due to the war in Iran. The White House is discussing with G7 nations a possible joint release of strategic reserves, among other measures, including restricting U.S. oil exports and intervening in oil futures markets. The instability in the Middle East, particularly the blockage of oil exports through the Strait of Hormuz, limits the effectiveness of U.S. policy options.