Donald Trump has treated us all to his predictions on gas prices, suggesting that costs could stay the same or even go up by the time the midterm elections arrive. These comments came during an interview on Sunday Morning Futures, where he addressed the possible economic impact of the ongoing conflict with Iran and the recent decision to impose a naval blockade.
When asked by Maria Bartiromo whether oil and gas prices would be lower before the midterms, Trump gave a cautious answer. According to The Hill, he said, “I hope so. I mean, I think so, it could be, it could be, or the same or maybe a little bit higher, but it should be around the same.” The Strait of Hormuz has become a key focus for both energy markets and the military. This waterway carries roughly one-fifth of global oil and natural gas supplies.
