Trump Team Examines What Oil as High as $200 a Barrel Would Mean – Bloomberg
Trump administration officials are examining what a potential spike in oil prices as high as $200 a barrel would mean for the economy, according to people familiar with the matter, a sign senior officials are studying the possible fallout from extreme scenarios for the Iran war.
Modeling of how damaging a bigger jump in oil prices could be to growth prospects is part of regular assessment done during times of strain and is not a prediction, according to the people, who spoke anonymously. The effort is aimed at making sure the administration is prepared for all contingencies, including a prolonged conflict, they said.
