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Could the US really release more of its strategic oil reserves?

Desperation, thy name is Scott Bessent

The Trump administration, which definitely carefully planned its war on Iran and thought through all the potential implications, seems to be getting increasingly worried about the completely unforeseeable rise in gas prices.

After all, pump prices are now approaching the $4 a gallon level that many Americans consider a naked affront to all that is holy and good in the world. We’ve seen various desperate measures to tame the rise, like suspending the Jones Act, easing sanctions on Russian and possibly even accepting Iranian oil.

The last might be the most eye-catching, given the incoherence of bombing a country while making it easier for it to export its main financial lifeline. But this may be the most desperate:

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