White House looks to tame price surge following $100 oil spike

Other options include restricting US exports, intervening in oil futures markets, waiving some federal taxes and lifting requirements under a US law called the Jones Act that domestic fuel move only on US-flagged ships, among others, the sources said, speaking on condition of anonymity.

Administration officials are also exercising diplomatic pressure on gulf allies to help restore production and shipping of oil, a third source told Reuters.

The White House added a Trump press conference at 17:30 to his schedule on Monday, but provided no details on whether he will make any announcements.