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

The Fox News Rundown

FOX News Podcasts

Daily News, News, Politics

3.4 • 1.7K Ratings

🗓️ 20 March 2026

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 are considering “un-sanctioning” Iranian oil, which could help relieve supply worries Meanwhile, President Trump continues to pressure allies to help secure the Strait and help stabilize global markets Phil Flynn, a Senior Market Analyst and FOX Business Contributor, joins FOX Business Network's Gerri Willis to share his outlook for oil prices in the coming weeks and how much of an impact he thinks the white house's efforts will have on pump prices and Americans' wallets. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Now, are all the traitors present?
0:02.5	Let's get started, shall we?
0:04.5	From rags to riches.
0:05.8	I'm so sick of this.
0:07.0	Working like a dog and being treated worse.
0:09.1	Yorkshire to New York.
0:10.7	Poor climbers, you and me.
0:12.4	A life dedicated to revenge.
0:14.4	Let's make this an occasion to remember.
0:16.9	A woman of substance on Channel 4.
0:19.1	Stream now.
0:20.5	At a Cardo, you'll save 25% on your first shop and get free delivery, which means if you
0:25.6	were to buy a four cheese pizza, you'd basically be getting one of the cheeses for free.
0:30.2	Save and splurge at Accardo, the online supermarket. Geographical and other restrictions.
0:34.6	Minimum spend, 60 pounds and charges apply. New customers only,
0:42.3	maximum saving 20 pounds terms at Accardo.com. I'm Jerry Willis and this is the Fox Business Rundown. Friday, March 20th, 2026, oil prices are top of mind for people on Wall Street and Main Street, but the administration
0:55.8	says it has plenty of tools to bring prices down.
0:59.3	Treasury Secretary Scott Bussup, he's calming the market, right?
1:04.1	He's saying, listen, we've got plenty of more barrels to go.
1:07.4	We can use them if we need to be.
1:10.0	And whether we need them or not, it's going to probably
1:12.6	depends on events on the grounds over the next 24 to 48 hours. The focus remains on the
	...

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