🇺🇸 Donald Trump
Trump Finds a New Way to Blame Gas Prices on Anyone But Himself
What happened
US President Donald Trump has blamed rising gas prices on Ukraine, claiming its attacks on Russian oil refineries have negatively impacted the global oil market. This shift in explanation follows previous denials that the Iran war and subsequent closure of the Strait of Hormuz have driven up prices. Provisional data shows oil trade through the Strait of Hormuz has returned to prewar levels.
Why it matters
The rising cost of gas and oil has resulted in US households spending an additional $107 billion since the war began, with gas prices increasing from $2.99 to $4.36 per gallon. The situation affects consumers across the country.
Key facts
- Oil trade through the Strait of Hormuz has roughly returned to prewar levels
- US households have spent an additional $107 billion on gas and oil since the war began
- Gas prices have increased from $2.99 to $4.36 per gallon
Topics
Publisher evidence used
Reporting attributed to newrepublic.com. WorldLeadersNews links readers to the publisher and does not present a headline-only item as a full article analysis.
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