As oil prices rise, Trump administration officials discuss concerns about $150 oil prices.

According to media reports citing an informed source and two individuals close to the White House, as the Iran war enters its second month, senior White House staff and government officials are discussing the possibility of oil prices soaring to historic levels of $150 per barrel or higher. According to two industry officials who are in touch with the White House, White House officials are studying the economic impact of rising oil prices and considering measures to mitigate these costs, including utilizing additional emergency powers.