- Title: U.S. will take action to mitigate oil price spike for Americans, Rubio says
- Date: 2nd March 2026
- Summary: WASHINGTON, D.C., UNITED STATES (MARCH 2, 2026) (REUTERS) WIDE OF PRESS AND U.S. SECRETARY OF STATE, MARCO RUBIO (SOUNDBITE) (English) U.S. SECRETARY OF STATE, MARCO RUBIO, SAYING: REPORTER OFF-CAMERA: “What's your message to Americans who are concerned about rising energy prices given the spiking of oil prices today?” RUBIO: “Yes, and we knew that going in would be a fac
- Embargoed:
- Keywords: Chris Wright Marco Rubio Scott Bessent Trump energy oil
- Location: WASHINGTON, D.C., UNITED STATES
- City: WASHINGTON, D.C., UNITED STATES
- Country: US
- Topics: Conflicts/War/Peace,North America
- Reuters ID: LVA001021602032026RP1
- Aspect Ratio: 16:9
- Story Text:The United States will take action to mitigate rising energy prices due to a spike in the price of oil caused by the Iran conflict, U.S. Secretary of State Rubio said on Monday (March 2).
Speaking to reporters at Capitol Hill, Rubio said Treasury Secretary Scott Bessent and Energy Secretary Chris Wright would announce the plans on Tuesday.
"Starting tomorrow, you will see us rolling out those phases to try to mitigate against that. We anticipated this could be an issue," Rubio said.
Oil and gas prices surged on Monday following Israeli and U.S. strikes on Iran and retaliation by Tehran that forced shutdowns of oil and gas facilities across the region and disrupted shipping in the crucial Strait of Hormuz.
The Energy and Treasury Departments did not immediately respond to a request for comment.
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