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Oil Prices Surge Amid Trump's Iran Policy Chaos

3/13/2026

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Summary

Story summary

U.S. President Donald Trump’s actions in Iran have driven oil prices higher, alarming aides ahead of the midterm elections.
Gas prices have surged to more than $3.49 per gallon, complicating the administration's affordability messaging.
Trump has made contradictory statements about the war's impact on oil prices, drawing criticism.
Eight U.S. service members have been confirmed dead, with the Strait of Hormuz disruption raising inflation concerns.

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Story summary

U.S. President Donald Trump’s actions in Iran have driven oil prices higher, alarming aides ahead of the midterm elections.
Gas prices have surged to more than $3.49 per gallon, complicating the administration's affordability messaging.
Trump has made contradictory statements about the war's impact on oil prices, drawing criticism.
Eight U.S. service members have been confirmed dead, with the Strait of Hormuz disruption raising inflation concerns.