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'I thought it would be worse': Trump downplays economic impact of Iran war

President Trump urges allied countries, including Japan, to send warships to secure the Strait of Hormuz amid gas prices rising nearly $1 per gallon, AAA data shows.

  • Today, Trump pressed allies in the Oval Office to help secure the Strait of Hormuz, urging Japan's prime minister to step up, though Tokyo has not committed, as he said 'I expect Japan to step up because, you know, we have that kind of relationship and we step up for Japan.'
  • The recent strikes on regional energy facilities, including those hit by Iran in Saudi Arabia, Qatar and Kuwait, have pushed U.S. gas prices nearly $1 higher compared to a month ago, AAA reported.
  • The Pentagon has formally asked the White House to request more than $200 billion from Congress, while Treasury Secretary Scott Bessent said the White House is weighing lifting sanctions on Iranian oil stranded on tankers.
  • The president insisted U.S. ground troops will not be deployed, saying he is not putting troops anywhere while urging allied partners to police the Strait of Hormuz as 'a small price to pay' in a very volatile world.
  • The White House says the effort to secure the strait aims to ease a global economic crisis, with the president expressing reassurance that the disruption should soon improve.
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+19 Reposted by 19 other sources
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'I thought it would be worse': Trump downplays economic impact of Iran war

As oil prices climbed, President Trump sought to minimize the broader economic fallout from the war, saying, “I thought it would be worse, much worse actually. It’s not bad."

·Albuquerque, United States
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The U.S. leader claimed that the economic impact of the war in Iran was still smaller than he expected.

·Kyiv, Ukraine
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diarioestrategia.cldiarioestrategia.cl
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elperiodicodelaenergia.comelperiodicodelaenergia.com

"I thought the numbers would be worse. I thought they would go up more than they did. But we're doing this raid and, when it's over, we'll have a much safer world," said the American leader in statements from the Oval Office before meeting with Japanese Prime Minister Sanae Takaichi.

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European Business Magazine broke the news in on Thursday, March 19, 2026.
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