Asks what options President Trump has to try to tame oil prices.
Vonnie
Stephen Stapczynski
Options include insurance guarantees for ships through Strait of Hormuz, naval escorts, and coordinated release of strategic oil reserves.
Stephen Stapczynski
Trump administration provided one-month waiver for India to buy Russian oil already on water.
Stephen Stapczynski
Market waiting for actual action (insurance, naval guarantees, reserve releases) before pricing in lower oil prices.