00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Trump expanded fossil fuel policies after returning to office and reversed clean
00:07energy initiatives from the prior administration, according to PBS News.
00:11Oil prices rose above $100 per barrel as the Iran War disrupted supply and the Strait of
00:17Hormuz remained effectively blocked.
00:19Gasoline prices reached about $3.88 per gallon after previously falling below $3, according
00:26to AAA.
00:27Trump said higher prices were expected and predicted they would fall after the war.
00:31Officials released oil from the Strategic Petroleum Reserve and considered naval escorts for tankers.
00:37Analysts said the disruption is the largest oil supply shock in history and warned prices
00:42could remain elevated.
00:43Lawmakers said rising gas prices are driving affordability concerns in a midterm election
00:48year.
00:48For all things money, visit Benzinga.com.
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