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Trump says it will take a little while for US to blockade the Strait of Hormuz
Trump said the blockade will begin soon and could push gas prices higher as negotiations with Iran failed, officials and AAA said.
- On Sunday, President Donald Trump announced a U.S. Navy blockade of the Strait of Hormuz following failed peace talks in Pakistan, vowing to interdict ships paying "illegal toll" fees to Iran.
- Negotiations in Islamabad, Pakistan, between U.S. and Iranian officials failed to produce a peace deal, leaving the Strait of Hormuz—a channel for 20% of global oil supply—heavily contested.
- According to AAA, gasoline prices have hit $4.125 per gallon following a record 21.2% monthly spike in March. President Trump admitted these elevated costs could persist through November.
- Senator Mark Warner argued the blockade would not force Iran to open the strait, while Senator Ron Johnson warned achieving U.S. aims "could take a long time."
- With the war entering its sixth week, inflation rose 3.3% year-over-year in March, while 69% of Americans expressed concern about higher gas and fuel prices.
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'Maybe a little bit higher': Trump admits gas prices might keep rising before midterms, as Americans already feel the pain at the pump
Donald Trump has treated us all to his predictions on gas prices, suggesting that costs could stay the same or even go up by the time the midterm elections arrive. These comments came during an interview on Sunday Morning Futures, where he addressed the possible economic impact of the ongoing conflict with Iran and the recent decision to impose a naval blockade. When asked by Maria Bartiromo whether oil and gas prices would be lower before the m…
The negotiations in Islamabad have failed and the street of Hormus is again blocked – this time by the US. The stock market is likely to put a strain on development.
Coverage Details
Total News Sources94
Leaning Left15Leaning Right11Center35Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 25%
C 57%
R 18%
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