Vance to Hold Emergency Meeting with Oil Executives, Plans to Announce Response Policies Within 48 Hours

Odaily According to informed sources, U.S. Vice President Vance and other key officials of the Trump administration plan to hold a closed-door meeting with oil executives on Thursday. Vance stated that several measures will be announced within the next 24 to 48 hours regarding oil price issues. Sources said the meeting will be held at the American Petroleum Institute, with members of the industry group's council in attendance. This meeting comes as Trump faces significant political pressure to address rising fuel prices. The November midterm elections will largely depend on Americans' attitudes towards the cost of living, and polls show Trump scores low on handling economic issues. Analysts point out that Trump has limited options to curb energy prices. His administration has previously ordered the release of 172 million barrels of crude oil from the U.S. Strategic Petroleum Reserve. Earlier today, he waived a century-old shipping mandate to reduce oil transportation costs and authorized foreign-flagged vessels to transport a range of commodities between U.S. ports over the next 60 days. (Jin10)