Business Rundown: The President Opens the Toolbox to Cool Energy Prices

The focus remains on the Strait of Hormuz and the volume of oil flowing through it, as the conflict with Iran continues to drive market volatility. Higher energy prices are fanning inflation fears among investors, and have many of them now guessing when the Fed may cut rates next. However, the Trump administration is working to ease concerns, drawing on its toolbox of tactics to ensure gas prices don't climb too high. This week, Treasury Secretary Scott Bessent says they …