UPDATE 2-US weighs oil futures market action to combat rising energy prices, WH official says
UPDATE 2-US weighs oil futures market action to combat rising energy prices, WH official says is drawing significant interest across the industry.
The potential move would mark an unusual attempt by Washington to influence energy prices through financial markets rather than physical oil supplies, as officials race to blunt the political and economic ?impact of rising fuel costs. Global oil prices have jumped 16% since the war ?with Iran started on Saturday, as the spreading conflict disrupted Middle East supplies.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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