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Trump Shrugs Off Rising Gas Prices During Iran Crisis

Senior administration figures have reportedly begun discussions with energy industry leaders to explore possible options that could help stabilise the market if prices continue to climb.
March 6, 2026
“They’ll drop very rapidly when this is over,” the president said. “And if they rise, they rise. This situation is far more important than gasoline prices going up a little bit.”

 U.S. President Donald Trump has downplayed concerns over rising gasoline prices in the United States, saying the ongoing conflict involving Iran is a far more pressing priority for his administration than short-term increases in fuel costs.

In an interview with Reuters on Thursday, the president said he was not worried about the spike in prices at the pump, which has been linked to growing geopolitical tensions in the Middle East and concerns about disruptions to global oil supplies.

“I don’t have any concern about it,” Trump said when asked about the increase in fuel prices. He suggested that once the conflict stabilizes, prices are likely to fall again. According to him, national security considerations must take precedence over temporary fluctuations in the energy market.

“They’ll drop very rapidly when this is over,” the president said. “And if they rise, they rise. This situation is far more important than gasoline prices going up a little bit.”

The comments reflect a noticeable shift in tone from earlier statements made by the president. Only weeks ago, during his State of the Union address and at an energy-focused rally in Texas, Trump highlighted declining fuel prices as a sign of economic stability and effective energy policy.

However, the recent escalation of tensions in the Middle East has quickly changed the dynamics of the global energy market. Political instability in the region often triggers reactions in oil markets because several major oil-producing countries are located there. Any threat to production or shipping routes can influence international prices, which in turn affect what consumers pay at gas stations across the United States.

Political analysts say sustained increases in fuel prices could become a sensitive issue for the administration, particularly as the country approaches the next midterm elections. Control of the U.S. Congress will be contested in November, and rising living costs have already become a major concern among voters.

Although the president publicly dismissed worries about the price increases, officials inside the White House appear to be monitoring the situation closely. Senior administration figures have reportedly begun discussions with energy industry leaders to explore possible options that could help stabilise the market if prices continue to climb.

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White House press secretary Karoline Leavitt confirmed that conversations with executives from the oil sector are ongoing, as officials assess possible responses to the changing energy landscape.

Another senior official familiar with internal discussions said teams working on national security and energy policy have been evaluating measures that could help limit the impact of global price swings on American consumers. These efforts include reviewing strategies that might ease pressure on fuel supplies if geopolitical tensions persist.

Economists note that the administration has several tools available should the situation worsen. Options could include diplomatic efforts with oil-producing nations, adjustments to domestic energy production policies, or the potential use of emergency oil reserves.

For now, however, the president has signaled that his primary focus remains on the broader geopolitical situation rather than the immediate economic effects. As the conflict continues to unfold, both policymakers and consumers will be watching closely to see whether energy prices stabilize or remain volatile in the months ahead.

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