US EditionTrump says it will take a little while for US to blockade the Strait of Hormuz
Trump said 69% of Americans are concerned about higher fuel costs as he warned prices could stay elevated through November.
- 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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30 Articles
Trump says price of oil, gas 'could be' down, 'the same or maybe a little bit higher' by the midterms
President Trump said Sunday that the prices of oil and gas could drop, stay even or go “maybe a little higher” by this year’s midterm elections in comments that follow his announcement that the U.S. military would start blockading ships looking to enter the Strait of Hormuz.
Donald Trump admits for the first time in an interview that oil prices could remain high until the mid-term elections in autumn. The political receipt for the attack on Iran could become bitter for the US President.
Trump warns gas prices may stay high or even rise before midterms
President Trump told Fox News that gas prices could remain the same or climb higher before November's midterm elections, as the U.S.-Israel war against Iran continues and VP Vance's 21-hour peace talks in Pakistan fail to reach agreement.
According to Donald Trump, energy prices in the US are expected to remain high for the time being. So far, he had described the price increase as temporary.
Iran War: Trump: Oil prices could remain high by November
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