Donald Trump evaluates "additional options" to contain gasoline prices
The President of the United States, Donald Trump, is evaluating "additional options" to contain gasoline prices, which have been affected by the blockades resulting from the Iran war in the Strait of Hormuz, a route through which approximately one-fifth of the world's oil circulates. "The President and his team [...]
TL;DR
- U.S. gasoline prices have reached their highest level since mid-2024, with a 21% increase in one month.
- The war in Iran and blockades in the Strait of Hormuz, through which a significant portion of the world's oil passes, are cited as the cause.
- President Trump is evaluating "additional options" to contain these prices and maintain the openness of the Strait of Hormuz.
- The White House assures that the current price increase is temporary and that actions taken will result in lower prices long-term.
- Previous measures have included offering risk insurance to tankers, suspending some oil-related sanctions, and offering naval escorts.