Group 1 - The Trump administration has decided not to involve the Treasury Department in trading oil futures at this time, as officials believe its market impact would be limited [1] - Global oil prices have surged since the onset of the conflict with Iran, disrupting Middle Eastern supplies, but saw a decline for the first time in six days following speculation of U.S. intervention in the futures market [1] - The Strategic Petroleum Reserve is currently about 60% full, leading to hesitance among officials to tap into it immediately [1] Group 2 - A senior White House official indicated that the Treasury is expected to announce measures to combat rising energy prices due to the Iran conflict, which may include actions related to the oil futures market [1] - The specifics of the Treasury's plan remain unclear, as the official did not want to preempt the upcoming announcement [1]
Trump officials ruling out Treasury oil futures trades for now, Bloomberg News reports
Reuters·2026-03-06 07:22