Fuel / NEWS UPDATE
$120 Oil Is Almost Here, and Trump Has Few Good Options
Published · 1 min read
Brent crude oil prices are nearing $120 per barrel due to escalating Saudi-Houthi tensions, putting pressure on US President Trump.
The US Energy Department is offering 315,000 barrels of diesel from emergency stockpiles to ease regional disruptions. Trump has declared imported wind turbines a national security threat and is considering phasing out gasoline subsidies in Japan. Europe faces high gas prices, and the EU is drafting its 22nd sanctions package against Russia.