59 resultsfor “Trump statement on gas prices during Iran war”
war with Iran appear to have dimmed, with negotiations to end the two-month conflict stalled as both Tehran and Washington show little sign of easing their positions. US President Donald Trump cancelled a planned
statement](https://home.treasury.gov/news/press-releases/sb0472). Separately, the Trump administration extended a waiver of the Jones Act, in an attempt to help with domestic supplies of gasoline and other refined oil products. The initial 60-day waiver
statement to NPR. "Due in part to the recent assassination attempt on President Trump at the White House Correspondents' Dinner, the proposal would provide the United States Secret Service with the resources they need
war in Iran has caused a fuel crisis and spiked global prices, while the [increasing energy appetite of new AI datacenters has put more pressure](https://www.reuters.com/business/energy/us-consumers-face-rising-electricity-prices-despite-clean-power-savings--reeii-2026-04-28/) on power supplies. As energy costs
gas is usually transported through. “Pumping will soon collapse. Gasoline shortages in Iran next,” [he added in a post on X](https://x.com/SecScottBessent/status/2048889949194166316). In response to US-Israeli attacks on Iran in late February
gas typically passes, along with fertilizer and other petroleum-derived products, has sent fuel prices skyrocketing, rattled the global economy, and proved a major strategic advantage in negotiations to end the war. Breaking that chokehold
statement on X said that U.S. destroyers had also transited the strait. It did not say when the Navy ships arrived or when the merchant vessels departed. Trump's announcement Sunday that the U.S. would
gas prices in the U.S. Another House war powers resolution nearly passed last week, falling on a tie vote as three Republicans voted in favor. ### [Middle East](https://www.npr.org/sections/middle-east/) ### [Trump and Vance share conflicting
statement. But it’s not clear how the vessels responded to the US assurances. ## South Korean ship attacked On Monday, Iran appeared to demonstrate its ability to still target ships near the strait. South Korea
gas supplies before the conflict. The strait’s closure by Iran shortly after the conflict began has spiked the price of oil, fuelled inflation and threatens a deep economic crisis that could trigger recessions around
statement after Iran and the UAE clashed over how to address the US-Israeli war on Iran, with the UAE also seeing itself as a victim of Iranian aggression. Since then, tensions between Iran
gas flows, had led to a spike in oil prices well above $100 a barrel. Crude prices dipped to about $95 after reports of a possible second round of talks on Tuesday. The US treasury
war to an end apparently stalled. Energy markets have been on a wild ride after Iran effectively closed the key Strait of Hormuz waterway in retaliation for US and Israeli strikes on the country, which
statement ahead of the summit. Trump has criticized European countries for rejecting or hesitating to get involved in the war with Iran. The war on Iran has had severe consequences for economies across the Mideast
statement ahead of the summit. Trump has criticized European countries for rejecting or hesitating to get involved in the war with Iran. The war on Iran has had severe consequences for economies across the Mideast
statement](https://gasprices.aaa.com/oil-prices-spike-national-average-up-nearly-30-cents-in-one-week/). The surge marks the peak in prices since the start of the [US war with Iran](https://www.theguardian.com/world/us-israel-war-on-iran), which has significantly disrupted the global oil market and driven up gas
gas prices. Still, most GOP lawmakers say they are supportive of Trump's wartime leadership, or are at least willing to give him more time amid the fragile ceasefire. Republican Sen. Kevin Cramer of North
Trump's effort to reopen the strait by force. The ceasefire between the U.S. and Iran has largely held since April 8. But in-person talks between the two countries hosted by Pakistan last month
statement accusing the US of breaching the ceasefire. “We know well that the continuation of the current situation is unbearable for the United States, while we have not even begun yet,” Ghalibaf, who is considered
Trump’s plans appeared to be geared more towards rescuing stranded seafarers than restoring maritime traffic in the strait. “Global observable oil inventories are starting to fall sharply, which should weigh on market sentiment more