Trump's Oil Plan: No Details Yet as Prices Soar

0:00On March 9, President Trump claims he has a solid plan to handle skyrocketing oil prices from the war with Iran, but he is not sharing any specifics. Yet, oil prices have climbed above $100 a barrel, even brushing close to $120 earlier, as fighting disrupts the Persian Gulf region. Shipping firms have halted or slowed down routes near the Strait of Hormuz due to attacks and alerts, fueling market jitters worldwide. In the United States, gas prices are rising fast, hitting while it's hard and raising political concerns with everyday cost pressures mounting. White House officials are weighing several steps to calm prices and secure oil flows, while Trump calls the hike temporary for key security gains. Eyes stay glued as the conflict hits week two, watching for bigger supply threats.