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Democrats Capture Congress with 53 Seats in Sweeping Setback for Trump
Trump said voters backed his Iran stance but balked at higher gasoline prices as diesel rose about 70%, according to federal data.
President Donald Trump attributed Republican midterm election losses to rising gasoline prices, telling Fox News Wednesday that "People agree with what I'm doing on Iran" but voters rejected the short-term energy costs.
Global energy prices surged after the US and Israel launched airstrikes on Iran in February, disrupting oil flow through the Strait of Hormuz, which previously carried 20 to 25% of seaborne oil worldwide.
Regular gas prices are now about 36% higher, or about $1 per gallon, compared to a year ago, per AAA's Fuel Price Tracker, while diesel prices rose about 70% in all but three states.
Democrats won majorities in both the House and Senate, leaving Trump to face an opposition-controlled Congress, though he said, "I don't like to consider it a defeat for me."
The White House expects oil prices to drop significantly once the Middle East conflict ends, though fighting continues on a limited scale despite repeated attempts to broker ceasefires.
Trump admitted that the war against Iran and the rise in gasoline punished Republicans in legislative terms, while Democrats retake the Senate and threaten to investigate the White House.