The Trump administration is weighing measures to counter surging oil and gasoline prices amid the war in Iran, Interior Secretary Doug Burgum said Thursday, noting that “everything is being considered,” from immediate steps to longer-term actions. Trump met with Burgum and senior advisers before announcing plans to provide insurance guarantees and naval escorts for vessels transiting the Strait of Hormuz, a vital route for global oil shipments. The move seeks to safeguard tanker traffic as regional tensions threaten supply flows. Officials are also reviewing a possible release of crude from the Strategic Petroleum Reserve, potentially in coordination with other countries to amplify market impact, though no decision has been made.