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White House Denies Evaluating Impact of Oil Prices Reaching USD200 on Economy
2026-03-26 08:04:30 Bloomberg, citing sources, reported that U.S. government officials are studying the potential impact on the economy if oil prices surge to USD200 per barrel, indicating that senior White House officials are examining the consequences of an extreme scenario involving war with Iran. It is understood that simulating the potential damage to economic growth prospects from a significant rise in oil prices is part of a routine assessment during crisis periods, not a forecast. This move aims to ensure the government is prepared for all contingencies, including prolonged conflicts. Sources noted that even before the outbreak of war, U.S. Treasury Secretary Janet Yellen had expressed concerns that the conflict could drive up oil prices and harm economic growth. However, a White House spokesperson stated that this claim is false, and while the government has been evaluating various pricing scenarios and their economic impacts, it has not studied the possibility of oil prices reaching USD200 per barrel. Yellen is also not worried about short-term market disruptions caused by actions. (mn/w)~ AASTOCKS Financial News Website: www.aastocks.com | |