Trump officials ruling out Treasury oil futures trades for now, Bloomberg News reports
#Trump administration #Treasury oil futures #Iran conflict #Strategic Petroleum Reserve #Energy prices #Market intervention #Oil supply disruption
📌 Key Takeaways
- Trump administration has ruled out Treasury oil futures trades for now
- Officials believe Treasury's ability to meaningfully affect oil markets is limited
- Strategic Petroleum Reserve is only about 60% full, limiting immediate options
- Oil prices have been volatile due to the Iran conflict
📖 Full Retelling
Trump administration officials are ruling out deploying the Treasury Department to trade oil futures for now, according to a Bloomberg News report published on March 6, 2026, as the administration considers responses to rising global oil prices triggered by the ongoing conflict with Iran. The report, citing a person familiar with the matter, reveals that while officials had discussed getting the Treasury Department involved in oil futures trading, they ultimately concluded that its ability to meaningfully affect the market would be limited. This decision comes amid significant volatility in global oil markets, with prices having jumped since the war with Iran began on Saturday, as the spreading conflict disrupts Middle Eastern oil supplies. However, prices did fall on Thursday for the first time in six days following reports that the U.S. might intervene in the futures market, suggesting that potential market interventions could have some impact on pricing. Administration officials have also expressed hesitation about tapping the Strategic Petroleum Reserve (SPR) immediately, citing that it is currently only about 60% full. This caution reflects a balancing act between addressing consumer concerns about rising energy prices and maintaining strategic reserves for potential future disruptions. The report follows a statement from a senior White House official on Thursday who had indicated that the Treasury was expected to announce measures aimed at combating rising energy prices, including potential action involving the oil futures market, though specific details were not provided at that time.
🏷️ Themes
Energy markets, Government intervention, Geopolitical conflict
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List of wars involving Iran
This is a list of wars involving the Islamic Republic of Iran and its predecessor states. It is an unfinished historical overview.
Presidency of Donald Trump
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Connections for Strategic Petroleum Reserve:
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Donald Trump
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Price of oil
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Treasury
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Iran
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Original Source
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil holds steady after 5-day winning streak; set for weekly surge on Iran conflict Trump replaces Homeland Security chief Kristi Noem Gold rises but heads for weekly loss as firm dollar dulls haven appeal Wall Street ends lower on escalating Iran conflict, report of AI export curbs (South Africa Philippines Nigeria) Trump officials ruling out Treasury oil futures trades for now, Bloomberg News reports By Commodities Published 03/06/2026, 02:25 AM Updated 03/06/2026, 02:30 AM Trump officials ruling out Treasury oil futures trades for now, Bloomberg News reports 0 CL -0.31% March 6 - The Trump administration is ruling out deploying the Treasury Department to trade oil futures for now, Bloomberg News reported on Friday, citing a person familiar with the matter. Officials discussed getting the Treasury Department involved, but believe its ability to meaningfully affect the market is limited, the report said. Global oil prices have jumped since the war with Iran started on Saturday, as the spreading conflict disrupts Middle East supplies. However, prices fell on Thursday for the first time in six days following reports that the U.S. may intervene in the futures market. Officials were also hesitant to tap the Strategic Petroleum Reserve right away because it was now only about 60% full, Bloomberg News added. The White House and the Treasury did not immediately respond to requests for comment outside regular business hours. Reuters could not immediately verify the report. A senior White House official had said on Thursday that the Treasury was soon expected to announce measures aimed at combating rising energy prices in the wake of the Iran conflict, including potential action involving the oil futures market. The details of the plan were unclear and the White House official, speaking on condition of anonymity to discuss internal matters, declined to provide specifics, saying they did not want to get ahead of the Tr...
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