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AXIOS (Marc Caputo) - Iranian oil squeeze tests Trump's war plans

President Trump's advisers warn the Iran war could drag on longer if the regime succeeds in strangling the Strait of Hormuz and driving oil prices beyond his tolerance. - "The Iranians f*cking around with the Strait makes him more dug in," a senior Trump administration official told Axios. Why it matters: Trump launched Operation Epic Fury to destroy Iran's nuclear program, ballistic missiles, navy and regional proxies. But oil markets now are occupying as much of his headspace as battlefield data. - "The president sees the briefings. He sees the numbers. And he feels good about his decision, militarily," one Trump adviser said. - "Oil is another matter. No one is panicking, but it's a concern. He's pulling out the stops. There's…

President Trump's advisers warn the Iran war could drag on longer if the regime succeeds in strangling the Strait of Hormuz and driving oil prices beyond his tolerance. - "The Iranians f*cking around with the Strait makes him more dug in," a senior Trump administration official told Axios. Why it matters: Trump launched Operation Epic Fury to destroy Iran's nuclear program, ballistic missiles, navy and regional proxies. But oil markets now are occupying as much of his headspace as battlefield data. - "The president sees the briefings. He sees the numbers. And he feels good about his decision, militarily," one Trump adviser said. - "Oil is another matter. No one is panicking, but it's a concern. He's pulling out the stops. There's…Open

AXIOS (Ben Geman) - Trump's limited gas-price options on Iran

Plans for historically large releases from emergency oil stockpiles reveal the scope of the energy crisis — and the market response reveals President Trump's limited options for tackling it. Why it matters: The 400-million-barrel infusion over time from International Energy Agency member countries — including a big dose from U.S. holdings — likely won't push prices down by itself. - It's one part of a toolkit that can help put more supplies on the market. - But nothing will approach normal until the resumption of large-scale tanker traffic through the Strait of Hormuz , off Iran . Tapping reserves "will slow rather than stop rising oil prices and offer a temporary salve to the searing burn of rising gasoline prices," RSM Chief…

Plans for historically large releases from emergency oil stockpiles reveal the scope of the energy crisis — and the market response reveals President Trump's limited options for tackling it. Why it matters: The 400-million-barrel infusion over time from International Energy Agency member countries — including a big dose from U.S. holdings — likely won't push prices down by itself. - It's one part of a toolkit that can help put more supplies on the market. - But nothing will approach normal until the resumption of large-scale tanker traffic through the Strait of Hormuz , off Iran . Tapping reserves "will slow rather than stop rising oil prices and offer a temporary salve to the searing burn of rising gasoline prices," RSM Chief…Open