The Damage Report
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White House SCRAMBLING Over Disastrous Oil Price Spike After Trump Speech
Posted
April 2, 2026
Views
92,600
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2,579
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April 2, 2026
92,600
2,579
497
3.32%
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9:35
5:37Now PlayingThe White House is scrambling to plan for even worse financial consequences of Donald Trump's war with Iran as oil prices spike after Trump's address and the Trump team refuses to rule out oil prices reaching $150-$200 a barrel. John Iadarola and Jordan Uhl break it down on The Damage Report. Leave a comment with your thoughts below!
Read more here:
US Does Not Rule Out Oil Prices Reaching $200 per Barrel
"Chris Wright, the US Energy Secretary, recently stated that oil prices reaching $200 per barrel is “unlikely.” At the same time, the Trump administration also admitted that they are focused on military operations and a prolonged war could lead to extreme scenarios. On the other hand, Iranian officials are openly threatening the $200 mark as a consequence for waging war against the Islamic Republic.
The US President has been briefed by the Energy Secretary and major oil and gas players about the price dynamics. The introduction of emergency measures was also considered by the Trump administration. An energy company representative who chose to remain anonymous called the situation “all hands on deck mode.” All of this was done to discuss the consequences of a fallout from oil prices reaching $200 per barrel.
A source told Politico that the US government is now thinking about all options to reduce energy prices. However, a White House representative denied reports that the US believes oil prices will reach $200 per barrel. The conflicting situation indicates that the major energy players and high-ranking officials are scrambling for a solution. The war has now entered its fifth week with Trump threatening further strikes on Iran."
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260402__DR03OilPricesSurge
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