Iran war highlights risks of Trump's all-in focus on oil

Crude prices have climbed above $100 a barrel and U.S. gasoline averages near $3.88 a gallon, and experts say a U.S. policy shift away from renewables has left fewer alternative energy sources, increasing exposure to supply shocks from the Iran war.

When President Trump returned to office, his administration shifted U.S. energy policy toward fossil fuels and moved to block or delay many clean energy projects. The war in Iran has disrupted oil flows through the Strait of Hormuz and helped push crude prices above $100 a barrel. U.S. gasoline averages have risen, and analysts and officials say higher energy costs are affecting consumers. Experts note that having fewer renewable alternatives can increase exposure to international supply disruptions. Key facts: - Crude oil prices have risen above $100 a barrel and the national gasoline average is reported near $3.88 per gallon, according to AAA. - Experts quoted in the article say the administration's moves to slow or block clean energy projects have reduced alternative energy options and increased vulnerability to oil supply shocks. - The Strait of Hormuz has been effectively disrupted as Iran targets shipping, reducing flows of Middle East crude to global markets. - The administration has released barrels from the U.S. Strategic Petroleum Reserve and is considering measures such as temporarily lifting sanctions on some shipments and escorting tankers; prices nonetheless remain elevated. Summary: Higher energy prices are affecting U.S. consumers and are likely to remain elevated in the near term, officials and analysts say. The administration has taken steps such as SPR releases and is weighing additional measures, but a clear timeline for further actions is undetermined at this time.