US Treasury considers oil futures plan to curb prices
The administration is weighing oil futures measures to address energy costs. No announcement is expected today as Middle East tensions impact shipping routes.
The United States administration is currently weighing a plan to address the surge in energy prices triggered by the ongoing conflict with Iran. While the Treasury Department has explored potential interventions in the oil futures market, an administration official confirmed on Friday that there are no immediate plans for a formal announcement.
The deliberation follows a period of intense market speculation. Earlier on Friday, reports indicated that the executive branch had decided against deploying the Treasury to trade oil futures for the time being. This followed a statement from a White House official late Thursday suggesting that specific measures to combat rising costs were imminent, a prospect that briefly drove prices lower.
