President Donald Trump warned Americans to expect higher gas prices for a while due to the ongoing Iran war but said he is in no hurry to reach a peace deal with Tehran. Despite the conflict, Trump noted that the stock market remains strong and oil prices have not surged as much as anticipated, with Brent crude rising to about $105 per barrel. He claimed the U.S. controls the Strait of Hormuz and is maintaining a blockade to pressure Iran into negotiations. Trump emphasized patience, stating that if Iran refuses to make a deal, military action could resume. The situation impacts consumer spending as gas prices have risen over 30%, with many Americans expecting the increase to last six months or more.
