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Trump has a ‘nuclear option’ to bring down gas prices - will he use it and will it work?

The Independent·Brendan Rascius·26 days ago
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President Donald Trump possesses a “nuclear option” for bringing down U.S. gas prices , which have skyrocketed amid the ongoing Iran war , according to a new report. The strategy is simple enough: limiting the amount of oil that the U.S. can export abroad. As the world's top oil producer — generating a record 13.6 million barrels per day in 2025 — America could stand to boost domestic supply and ease pain at the pump by keeping its crude stateside. This approach, which the Trump administration has so far opposed, would not be a cure-all , though. Its effects could prove limited, and it might risk tipping the global economy into recession, industry insiders told CNN. But the White House is under mounting pressure to do something as domestic fuel costs soar, largely due to the U.S. and Iran’s dueling blockades in the Strait of Hormuz , which carried about 20 percent of the world’s oil before the war.…

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