Environment
Trump officials rule out oil export ban in meeting with industry execs
Environment
Trump administration may unsanction some Iranian oil as energy prices spike, Bessent says
The Treasury secretary said the Trump administration has several “levers” to pull as war in the Middle East roils oil markets.
The president’s attacks on Iran’s oil infrastructure could determine the course of the war — and its domestic political fallout.
The meeting comes as oil and gasoline prices have spiked after Iran closed a key waterway for global oil shipments.
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- Trump officials rule out oil export ban in meeting with industry execs
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