Trump is considering curbing energy prices, with options including restricting U.S. oil exports.

According to ME News, on March 10 (UTC+8), two sources familiar with the matter revealed that US President Trump is expected to review a series of measures to curb oil prices as early as Monday. Oil prices have surged to over $100 per barrel due to the conflict with Iran. This reflects the White House's concern that soaring oil prices will harm the interests of US businesses and consumers, especially as Trump's Republican Party hopes to retain control of Congress ahead of the November midterm elections. Sources said that US officials in Washington have been discussing the possibility of jointly releasing strategic oil reserves with their counterparts in the major G7 economies, one of several measures currently under discussion. Other options, according to sources, include restricting US oil exports, intervening in the oil futures market, exempting some federal taxes, and repealing the Jones Act provision that only ships flying the US flag can transport domestic fuel. Analysts point out that as long as the conflict continues to hinder shipping through the Strait of Hormuz, the impact of US policy options on the global oil market will be minimal. (Source: ME)