E.J. Antoni, chief economist, and Richard Aster, fellow at The Heritage Foundation, discussed the International Energy Agency's order to its member nations to release an unprecedented 400 million barrels of government oil reserves to stave off supply shortage and soaring prices.
Antoni discussed how Operation Epic Fury will lower long-term gas prices, and China's risk of a prolonged disruption of oil imports. He also spoke about President Donald Trump's announcement to launch section 301 tariff investigations and how the president can use them more effectively than with IEEPA to negotiate trade deals.