Story perspectives

Trump Urges Iran Call Amid Hormuz Oil Crisis, Gas Spike

4/29/2026

Summary

Story summary

President Donald Trump said Iran could “call” U.S., noting a proposal arrived after he cancelled trip.
Trump urged Iran to negotiate by phone while Strait of Hormuz tensions continue, with disrupted oil shipments.
Trump’s approval rating fell to 34-36 % in polls, while gasoline prices rose to $4.18 per gallon after February 28 attacks and Iranian Foreign Minister Abbas Araghchi met Russian President Vladimir Putin in Moscow, Putin pledged support for Iran.

History

Historical Context

In October 1973 OAPEC embargoed the United States, forcing OPEC to raise the posted price from $3 to $12 per barrel. The shock led President Richard Nixon to set a domestic price ceiling and spurred the creation of the International Energy Agency. Today Iran’s threat to close the Strait of Hormuz mirrors that squeeze, prompting President Donald Trump to seek phone talks to steady markets.

1 of 2

Story summary

President Donald Trump said Iran could “call” U.S., noting a proposal arrived after he cancelled trip.
Trump urged Iran to negotiate by phone while Strait of Hormuz tensions continue, with disrupted oil shipments.
Trump’s approval rating fell to 34-36 % in polls, while gasoline prices rose to $4.18 per gallon after February 28 attacks and Iranian Foreign Minister Abbas Araghchi met Russian President Vladimir Putin in Moscow, Putin pledged support for Iran.

1 / 2