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Trump Warns High Gas Prices May Persist Amid Iran Tensions

4/13/2026

41 5 Full Breakdown

Summary

Story summary

U.S. President Donald Trump warned gas prices could stay high through the midterm elections due to tensions with Iran.
In a Fox News interview, he said prices could be "the same or maybe a little higher."
Gas prices have risen to around $4.13 per gallon, up from $3.60 last month.
Trump announced a naval blockade in the Strait of Hormuz after failed peace talks with Iran, potentially disrupting oil supply.

History

Historical Context

The Iran-Iraq War, which began in 1980, disrupted global oil supplies and caused prices to soar by over 50%. In 2026, escalating tensions between the U.S. and Iran led to the closure of the Strait of Hormuz, a critical passage for 20% of the world's oil. This ongoing conflict echoes historical volatility, with current gas prices reaching $4.13 per gallon in the U.S.

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Story summary

U.S. President Donald Trump warned gas prices could stay high through the midterm elections due to tensions with Iran.
In a Fox News interview, he said prices could be "the same or maybe a little higher."
Gas prices have risen to around $4.13 per gallon, up from $3.60 last month.
Trump announced a naval blockade in the Strait of Hormuz after failed peace talks with Iran, potentially disrupting oil supply.

1 / 2