Global oil market analysts expect the Trump administration to issue emergency measures “to attempt to lower prices” in the United States if the Strait of Hormuz isn’t reopened soon, says a veteran market monitor tracking trends that drive pump, grocery, and utility costs worldwide.
Mohammad Darwazah, senior Middle East analyst with London-based Medley Global Advisors, said he believes that engaging the U.S. military in securing the Strait remains on the table as one of the emergency options.
Darwazah said in an hour-long March 18 interview with the president of the nonprofit energy forum United States Energy Association, Mark W. Menezes, that the Trump administration has a range of emergency tools to temper skyrocketing oil and gas prices roiling economies across the globe after the United States launched Operation Epic Fury on Feb. 28, alongside Israel’s own military operation….