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submitted 5 months ago* (last edited 5 months ago) by MicroWave@lemmy.world to c/politics@lemmy.world

The Trump administration has started to panic about the spiking price of oil.

While senior Trump aides had anticipated some brief surge in oil prices in the first days of the war with Iran, the size and sustainability of the market reaction caught them off guard, people familiar with the internal discussions told CNN.

Now, as oil prices hover near $100 a barrel just over a week into the war and US gas prices are moving sharply higher, it’s prompted a belated rush to try to reassure investors and seek ways to tamp down the impact. But the administration is confronting the limits of its power — and the reality that Donald Trump’s decision to wage war abroad threatens to wipe out some of his key economic accomplishments at home.

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[-] MagicShel@lemmy.zip 176 points 5 months ago* (last edited 5 months ago)

wipe out some of his key economic accomplishments at home.

Would that be devastating the economy though tariffs? Or devastating the economy through unemployment? Or devastating the economy through imprisoning our inexpensive labor force? Or devastating the economy through outright theft?

I think the word being sought was exacerbate.

war abroad threatens to ~~wipe out~~ exacerbate some of his key economic accomplishments at home

That reads much more accurate.

[-] WhatAmLemmy@lemmy.world 16 points 5 months ago

It's CNN; an Epstein-class owned propaganda operation. They are one of hundreds of domestic enemies Americans should do something about before their nazi party murders millions of people both at home and abroad.

this post was submitted on 10 Mar 2026
364 points (100.0% liked)

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