Trump and his Cabinet offer mixed messages on gas prices amid Iran war
By Rachel Frazin
Published on April 20, 2026.
President Trump and his Cabinet officials are offering mixed messages on gas prices amid concerns over the Iran war's economic impact. Energy Secretary Chris Wright said that gas prices may not drop below $3 per gallon until next year, but that prices will likely peak once the resolution of the conflict is resolved. However, in a phone interview with The Hill, President Trump said that this assessment was "totally wrong". This comes as concerns grow about the impact gas prices will have on November's midterms, which have become increasingly focused on affordability. The White House maintains that the price spikes are temporary and that once the conflict ends, oil prices will fall and gasoline prices will also sink over time. There are concerns about who controls the Strait of Hormuz, a key oil shipping channel off Iran's coast.
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