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Rising Gas Prices Threaten Trump Politically.. The White House Races Against Time to Contain the Energy Crisis

March 12, 202679 ViewsRead Time: 2 minutes
Rising Gas Prices Threaten Trump Politically.. The White House Races Against Time to Contain the Energy Crisis
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U.S. President Donald Trump is facing increasing political pressure due to rising gas prices in the United States, amid concerns within the White House that the fuel crisis could turn into a direct political threat in the coming weeks, according to NBC News sources.

Concerns in the White House About Market Anger

Informed sources reported that Trump is increasingly worried about market fluctuations and rising fuel prices, fearing that this could lead to a decline in his popularity within the U.S.
Sources clarified that the U.S. administration believes it has a short window of no more than two weeks before rising gas prices turn into a severe political crisis that could impact the domestic scene.

Measures Under Review to Lower Prices

According to the report, the White House is exploring several urgent measures to contain rising prices, including imposing temporary restrictions on U.S. energy exports to increase supply in the domestic market.
Trump is also considering the possibility of canceling some provisions of the U.S. Maritime Transportation Act, which requires transporting domestic fuel on ships flying the U.S. flag, a move that could help reduce transportation and energy costs.

The War in the Middle East Pressures the Oil Market

These developments come at a time when global energy markets are experiencing sharp fluctuations due to the ongoing war with Iran and tensions in the Gulf region.
The crisis has worsened after Iran closed the Strait of Hormuz, through which at least 20% of global energy supplies pass, leading to a significant rise in oil prices in recent days.

Sharp Fluctuations in Oil Prices

Oil prices surged to over $110 per barrel days ago, before temporarily retreating after the largest drawdown from strategic oil reserves in several countries.
However, prices have risen again, although they remain below $100 per barrel so far, amid fears of continued disruptions in energy markets.

Iranian Threats to Raise Prices to $200

In contrast, the Iranian Revolutionary Guard has threatened that military escalation could lead to oil prices exceeding $200 per barrel.
Observers believe that the continuation of the war or disruptions in supplies in the Gulf could push global markets into a new wave of increases, further increasing economic and political pressures on the U.S. administration.
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Lubna NissaniJournalist and program producer, presenter, producer, and news editor with experience in diverse media content production.

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