SCN | International Desk | MIAMI
US President Donald Trump has acknowledged that oil and gas prices may remain elevated through the November midterm elections, as the ongoing conflict with Iran continues to impact global energy markets.
Speaking in an interview with Fox News, Trump said fuel prices could stay “around the same or slightly higher,” signaling that relief for consumers may not come anytime soon.
Fuel prices across the United States have already crossed $4 per gallon, driven by rising global tensions and disruptions in oil supply routes.
Strait of Hormuz Tensions Escalate
The situation intensified after Trump announced a potential US naval blockade of the Strait of Hormuz following failed negotiations with Iran in Pakistan.
The strategic waterway remains critical for global oil shipments, and any disruption has already pushed oil prices up by nearly 50%, fueling economic uncertainty worldwide.
Political Impact Builds Ahead of Midterms
The prolonged conflict is now creating political challenges for Trump, with rising fuel costs and economic concerns affecting public sentiment.
Critics, including US lawmakers, have questioned the effectiveness of the proposed blockade, warning it may further escalate tensions without resolving the crisis.
Long-Term Conflict Concerns
While Trump has repeatedly expressed optimism about ending the war soon, several officials believe the situation could turn into a long-term geopolitical and economic challenge.