President Trump addresses rise in gas, oil prices amid Iran war

3DWT6X7 Washington, United States Of America. 28th Feb, 2026. Frame grab from an eight minute statement made by United States President Donald J Trump that was released via his X account concerning the United States attack on Iran, on Saturday, February 28, 2026.Mandatory Credit: @realDonaldTrump via CNP/Sipa USA FOR EDITORIAL USE ONLY - COMMERCIAL USE PROHIBITED Credit: Sipa USA/Alamy Live News

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While delivering remarks to the nation on Wednesday regarding the war in Iran, President Donald Trump addressed the rising gas prices many Americans are facing at the pump.

“Many Americans have been concerned to see the recent rise in gasoline prices here at home,” said the president. “This short-term increase has been entirely the result of the Iranian regime launching deranged terror attacks against commercial oil tankers and neighboring countries that have nothing to do with the conflict.”

He continued, “This is yet more proof that Iran can never be trusted with nuclear weapons. They will use them, and they will use them quickly. It would lead to decades of extortion, economic pain, and instability worse than we could ever imagine.”

“The United States has never been better prepared economically to confront this threat,” he added. “We build the strongest economy in history. We’re going through it right now—the strongest in history.”

The president further elaborated that the U.S. imports almost no oil from the Strait of Hormuz, whose northern coast lies in Iran, and will not take any in the future.

“We don’t need it. We haven’t needed it, and we don’t need it. We’ve beaten and completely decimated Iran—they are decimated—both military and economically and every other way,” he said.

“The countries of the world that do receive oil from the Hormuz Strait must take care of that passage. They must cherish it,” he added. “We will be helpful, but they should take the lead in protecting the oil that they so desperately depend on.”

“So those countries that can’t get fuel, many of which refuse to get involved in the decapitation of Iran—we had to do it ourselves—I have a suggestion. Number one: buy oil from the United States of America. We have plenty, we have so much. And number two: build up some delayed courage,” he noted. “Go to the Strait and just take it. Protect it. Use it for yourselves.”

He added that the Strait would eventually open up naturally because it is “all they have to try and rebuild.”

“It will resume the flowing and the gas prices will rapidly come back down,” said President Trump.

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