Trump warns of higher gas prices after Iran war
President Trump stated that fuel costs will remain elevated for a short period following recent Middle East hostilites. Prices rose after the war disrupted shipping through the Strait of Hormuz.
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President Donald Trump informed reporters on Thursday that citizens of the United States should prepare for elevated energy costs in the immediate future. The announcement comes as global markets grapple with the fallout of the conflict involving Iran, which has disrupted supply chains since late February.
When questioned on whether the American public should expect to spend more on fuel for the foreseeable future, the President offered a brief outlook on the duration of the price surge.
