The Trump administration is studying the possibility of oil prices reaching $100.
The Bloomberg news agency, citing reliable sources, reported that officials under Donald Trump's administration are examining the scenario of oil prices rising to $200 per barrel. Zamin.uz reported on this.
This process is not an official forecast that such a problem will definitely occur in the future, but rather part of strategic preparations designed to test the economy's resilience during periods when markets undergo sharp changes. Sources familiar with the discussions emphasized that the administration wants to be prepared for various outcomes while political tensions in the Middle East are increasing the risk of disruptions in energy supplies.
Such modeling is considered standard practice in Washington when geopolitical instability threatens global supply chains. Its main objective is to clearly determine how a sharp rise in oil prices could affect inflation, economic growth, and household expenses.
It has become known that Treasury Secretary Scott Bessent was concerned even before the escalation of war in the Middle East that a broader conflict could significantly drive up oil prices. Officials from the Treasury Department have been conveying these concerns to the White House for several weeks.
A sharp rise in commodity prices could increase transportation and production costs across the entire economy, thereby intensifying additional pressure on households and business entities. At the same time, the White House rejected speculation that it is actively expecting a level of $200 per barrel.
Deputy Press Secretary Kush Desai stated that the administration always assesses various economic scenarios and their consequences, but does not view a jump to exactly that level as a high-probability outcome. He also noted that the minister is not panicking about short-term market volatility.
Bloomberg emphasized that even a price increase to nearly $170 over several months could accelerate inflation in the US and Europe while slowing economic growth. The report states that a jump to $200 would be a severe blow to the global economy.
The impact of energy costs is already being felt in the US. Gasoline prices have risen by nearly 30 percent, increasing pressure on consumers and further complicating the overall inflation picture.
