Trump Puts 81 Million Gulf Acres Up for Oil and Gas Auction ...Middle East

The Trump administration will put oil and gas leases covering more than 81 million acres in the Gulf of Mexico up for auction on Wednesday, August 12, in the third of 30 Gulf lease sales mandated under President Donald Trump’s 2025 tax and spending law. Wednesday’s auction is also the second Gulf lease sale since the U.S.-Israeli war with Iran began in February, disrupting Middle East crude supplies and sending oil prices to four-year highs. Brent crude was trading above $89 per barrel on Wednesday. The Interior Department will offer…

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