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Trump Warns High Gas Prices May Persist Amid Iran Conflict

4/15/2026

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Summary

Story summary

U.S. President Donald Trump says gas prices may stay high through the November midterms due to the Iran conflict.
In a Fox News interview, he said, 'It could be the same or maybe a little higher'.
Average U.S. gas price has surpassed $4 per gallon, up from under $3 in February.
Trump proposed a naval blockade of the Strait of Hormuz to counter Iran, which experts warn could raise prices.

History

Historical Context

The Iran Hostage Crisis began on November 4, 1979, when 66 Americans were taken hostage at the U.S. Embassy in Tehran amid the Iranian Revolution. This event led to soaring oil prices and doubled gas prices in the U.S., reaching $1.20 per gallon. The crisis ended on January 20, 1981, with the signing of the Algiers Accords, highlighting the enduring impact of U.S.-Iran relations on global energy markets.

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Story summary

U.S. President Donald Trump says gas prices may stay high through the November midterms due to the Iran conflict.
In a Fox News interview, he said, 'It could be the same or maybe a little higher'.
Average U.S. gas price has surpassed $4 per gallon, up from under $3 in February.
Trump proposed a naval blockade of the Strait of Hormuz to counter Iran, which experts warn could raise prices.

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