Global oil market analysts expect the Trump administration to issue emergency measures “to attempt to lower prices” in the United States if the Strait of Hormuz isn’t reopened soon, says a veteran market monitor tracking trends that drive pump, grocery, and utility costs worldwide.
Mohammad Darwazah, senior Middle East analyst with London-based Medley Global Advisors, said he believes that engaging the U.S. military in securing the Strait remains on the table as one of the emergency options.
