Trump reassures oil markets as analysts warn of worsening price shock

10 articles · Updated · POLITICO · Apr 28

Global oil supply is dwindling amid the Iran war, with U.S. gasoline prices up over $1 a gallon since February and Citigroup now forecasting oil could reach $150 per barrel if the Strait of Hormuz stays closed.
Analysts warn that White House optimism is discouraging U.S. producers from ramping up output, risking severe shortages as inventories in Asia and Europe near operational minimums. Gas price spikes could impact U.S. politics and consumer confidence.
While U.S. production cushions domestic impacts, global refinery slowdowns and rising shipping costs are expected to drive inflation. The White House maintains prices will drop after the conflict, but experts say inflationary effects are already locked in.

Is the White House's optimism preventing U.S. oil companies from averting a deeper supply crisis?

Can record U.S. production truly shield Americans from the inflationary impact of a global energy collapse?

Why is Wall Street ignoring an oil supply shock that experts are calling the largest in history?

With global oil reserves just weeks from empty, what does the 'day of reckoning' for consumers actually look like?

Has the Iran war permanently crippled the global market for cleaner-burning natural gas?

As Asian nations revert to coal, is the current U.S. strategy creating a larger, long-term climate crisis?