White House Preparing Plan to Stabilize Oil Markets: Rubio

The White House is preparing to unveil a strategy aimed at bringing down rising energy prices following the joint U.S.-Israel operations in Iran, said Secretary of State Marco Rubio. Rubio, speaking to reporters on March 2, stated that Energy Secretary Chris Wright and Treasury Secretary Scott Bessent would announce efforts to mitigate increasing oil and gas prices. “We knew that going in would be a factor,” Rubio said. “We talked about it last night again about this program, we talked this morning. And starting tomorrow, you will see us rolling out those phases to try to mitigate against that.” He stopped short of providing details of what these initiatives would be....