Oil Nears $100 as Trump Runs Out of Levers
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- Oil prices are hovering near the $100 'psychological' threshold, with the rally potentially extending further according to OilPrice.com
- Trump is described as having no remaining levers to pull as a new phase of war breaks the oil market's constraints and overseas buyers pursue US crude (CNN, Fortune)
Why it matters: With oil near $100 and presidential options exhausted per Fortune, fuel-cost pressure on consumers persists while geopolitical risk — not policy — now dictates price direction.
