(Reuters) – U.S. President Donald Trump told reporters that Americans should expect to pay higher gas prices “for a little while.”
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- Energy prices have risen around the world since the start of the Iran war in late February.
- Trump was asked if Americans “should anticipate spending more on gasoline for the foreseeable future.”
- “For a little while,” Trump responded.
- The U.S. and Israel attacked Iran on February 28. Iran responded with its own strikes on Israel and Gulf states with U.S. bases. U.S.-Israeli strikes on Iran and Israeli attacks in Lebanon have killed thousands and displaced millions.
- A fragile ceasefire in the Iran war began over two weeks ago.
- The rise in gas prices caused by the war has created a dilemma for Trump’s Republican Party, which currently holds a majority in both chambers of Congress, ahead of November’s midterm elections.
- Trump has said gas prices may stay high until November but has sought to brush off concerns.
- The Iran war has brought traffic through the Strait of Hormuz, a chokepoint for about 20% of global oil and liquefied natural gas shipments, close to a standstill.
Reporting by Trevor Hunnicutt and Kanishka Singh in Washington; Editing by David Ljunggren and Nia Williams
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