The United States is reportedly evaluating the extreme scenario of oil prices reaching $200 per barrel, but the White House has denied it.

Insiders reveal that Trump administration officials are evaluating the potential impact on the economy if oil prices were to skyrocket to $200 per barrel, indicating that top government officials are studying the potential consequences of an extreme scenario of war with Iran. Insiders disclose that modeling the damage that a sharp rise in oil prices could cause to economic growth prospects is a regular part of crisis-period assessments and does not represent predictions for the future; these individuals requested anonymity to comment on undisclosed matters. They indicate that the relevant assessments are aimed at ensuring that the government can respond to various possible scenarios, including the risk of conflict becoming protracted. Insiders also reveal that even before the outbreak of hostilities, US Treasury Secretary Janet Yellen was concerned that conflict could drive up oil prices and harm economic growth. Some insiders also state that senior Treasury Department officials have expressed concerns to the White House in recent weeks about fluctuations in oil prices and gasoline prices.