Washington – In a move reflecting an emergency footing within the White House, Economic Advisor Kevin Hassett announced that President Donald Trump’s administration is currently considering a package of “urgent” measures to boost US oil production to record levels. These actions aim to counter the violent shocks hitting global energy markets due to the ongoing war with Iran, which has caused severe supply shortages and skyrocketing prices. Obviously, Washington has decided to rely on “domestic production power” to break any economic pressure resulting from maritime disruptions or damage to oil ports in the Middle East.
“Freeing Production”: How Will Trump Confront Oil Market Volatility?
Hassett explained that the US administration has entered direct negotiations with major oil producers in the United States to ensure increased crude flow into the markets “as soon as possible.” Clearly, the plan goes beyond just raising output; it includes a comprehensive review of regulatory and environmental restrictions that have historically slowed drilling and production. Accordingly, the Trump administration seeks to remove all “bureaucratic hurdles” to accelerate work in shale and traditional oil fields, strengthening the US’s ability to offset any global market deficit.
“The Strategic Reserve”: The Final Card to Calm Global Markets
In addition to increasing production, Hassett revealed a serious study into releasing massive quantities from the US Strategic Petroleum Reserve (SPR) in an attempt to stabilize prices directly impacted by geopolitical tensions. As a result, analysts believe these steps are intended to send a “reassurance” message to markets and American consumers that the administration can control the “inflation ghost” triggered by the war. As the conflict in Iran persists, the American bet remains on transforming the US into a global “energy safety valve” in May 2026.
