Why the Iran War Is Spiking Gas Prices

Why the Iran War is Spiking Gas Prices

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President Trump Said Gas Prices May Stay Elevated Till the Midterms: A Deep Dive into the Iran War Unwind and Global Oil Market Realities - Energy News Beat

President Donald Trump’s recent comments on Fox News’ Sunday Morning Futures have sparked intense debate in energy circles. In the April 12, 2026 interview, Trump acknowledged that U.S. gasoline prices “could be the same or maybe a little bit higher” by the November midterm elections, despite earlier hopes for a quick resolution. This marks a shift from downplaying the spike tied to the Iran war as purely “short-term.” As Energy News Beat has tr…