White House officials are bracing for oil prices to surge past the $150-a-barrel mark as the Iran war stretches into its second month and the Strait of Hormuz remains largely closed, according to a new report.

In recent weeks, the average cost of a barrel of crude has hovered around $100, a figure that the Trump administration now sees as the new “baseline,” though a potential spike to $200 hasn’t been ruled out, a source familiar with the matter told Politico.

As a result, officials have entered “all hands on deck” mode, urgently evaluating options to tame soaring oil prices — which pushed gas above $4 a gallon this week and risks inflating costs across the broader economy.

  • samus12345@sh.itjust.works
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    21 hours ago

    Ah, so he was. However, if you just say “Napoleon” he’s not the one that people will think you’re referring to. That III is very important.

    • TigerAce@lemmy.dbzer0.com
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      6 hours ago

      Yeah my bad. I only know it because a friend of mine has his bday that day and he always says it’s the same bday as Hitler and Napoleon. I assumed he was right, I also just found out it was Napi III.