President Trump, aware of how high gas prices could affect his popularity, demanded on social media that the U.S. “KEEP OIL PRICES DOWN.”According to The New York Times, President Trump has expressed concern over the potential impact of high gas prices on his popularity. In a series of social media posts, he urged the United States to “KEEP OIL PRICES DOWN” and warned that companies who do not comply would be “PLAYING RIGHT INTO THE HANDS OF THE ENEMY.” This comes as the president faces criticism for his recent military strikes on Iran, which could lead to a rise in oil and gas prices. Despite this, global oil markets have remained relatively stable, with prices falling on Monday after Iran launched retaliatory missile strikes against American bases. However, there are concerns that Iran may escalate the conflict by disrupting access to the Strait of Hormuz, a critical passage for global energy trade. This could have a significant impact on American consumers and businesses, especially as the president plans to revive his steep tariffs on U.S. trading partners in July. Many economists expect these tariffs to drive up prices, adding to the financial strain already faced by Americans.
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