Trump's 5:30 PM Press Conference: Oil, Iran, and 3 Options Nobody Saw Coming
Trump calls surprise 5:30 PM ET press conference from Doral to address oil price surge; options on table include export restrictions, futures market intervention, and federal tax waivers.
HIGH ALERT
A surprise Sunday press conference on a historic oil price surge, a massive Medicaid data dump from DOGE, a new crypto regulatory appointment, and a reported Gaza military base plan make this an unusually active news cycle for a weekend.
Key Developments
He's not at the White House right now — and he's about to hold a press conference anyway.
President Trump announced a **5:30 PM ET news conference from his Trump National Doral resort in Miami**, and the topic burning at the top of the agenda is one that hits every American directly in the wallet: oil prices.
The Kobeissi Letter, one of the most-followed financial accounts on X, broke the story first — Trump is reviewing **"a set of options" to bring oil prices down as soon as today** [1].
And these aren't small moves.
According to Reuters, the options on the table include restricting U.S. oil exports, directly intervening in oil futures markets, and waiving certain federal taxes on oil [3].
Each of those three options would be extraordinary on its own.
All three being considered at once? That tells you the administration believes it has a real problem on its hands.
Here's the context you need: oil prices have been on what Reuters is calling a "historic surge" — the kind of spike that doesn't just show up at the gas pump, but ripples through the price of nearly everything you buy, from groceries to airline tickets to plastics.