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Trump Considers Scaling Back Iran Efforts as Gas Prices Soar

3/21/2026

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Summary

Story summary

U.S. President Donald Trump said he is considering winding down US efforts against Iran, arguing the United States is close to achieving its objectives while ruling out a ceasefire.
He described degrading Iran's military capabilities and protecting allies.
Markets fell, with US stocks down and oil prices rising.
Retail gasoline prices in the United States have reached their highest level since 2022, prompting warnings against price gouging.

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Story summary

U.S. President Donald Trump said he is considering winding down US efforts against Iran, arguing the United States is close to achieving its objectives while ruling out a ceasefire.
He described degrading Iran's military capabilities and protecting allies.
Markets fell, with US stocks down and oil prices rising.
Retail gasoline prices in the United States have reached their highest level since 2022, prompting warnings against price gouging.