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President Trump is asking oil companies to lower gas prices. Learn how rising oil costs from Iran conflict and new tariffs might hurt the U.S. economy.
President Trump knows that high gas prices can make people angry. He wants to stay popular, so he asked oil companies on social media to “KEEP OIL PRICES DOWN.” He believes if gas gets too expensive, Americans will blame him. That can hurt his chances in the next election.
Gas is something most people need every day. If prices go up too much, many families will struggle to pay for fuel. This is why Trump wants cheaper oil and more drilling in the U.S.
Why President Trump Wants Oil Prices Down
What Is Causing Gas Prices to Go Up?
1. Military Conflict with Iran
Recently, the U.S. sent planes to stop Iran’s nuclear sites. Iran fired missiles back. This caused fear in the world market. People worried that gas and oil would get more expensive. Most oil in the world travels through a small area called the Strait of Hormuz. If that gets blocked, gas prices around the world could go up fast
You can learn more about the Strait of Hormuz from BBC News.
2. President Trump’s Tariff Plans
President Trump also wants to bring back big tariffs (extra taxes) on goods from other countries. These taxes make things more expensive. If this happens at the same time as high gas prices, families may have to pay even more for everything — food, clothes, and fuel.
Economists like James Knightley from ING said people are already worried. He said higher prices from tariffs and gas would hurt people’s wallets and make life harder.
What Could Happen Next?
The U.S. government and businesses are watching closely. If Iran causes more trouble, oil might get more expensive. If gas prices go up, and tariffs start again, many Americans could face tough times.
Even the Federal Reserve is watching. This group controls interest rates and the money system. They chose not to raise interest rates for now, to help people handle costs. You can read about that on CNN Business.
President Trump is not happy with that choice. He says inflation is lower now, so high rates are not needed. But the truth is, rising oil prices and new tariffs could bring inflation back up.
Why This Matters to You
If gas prices go higher, it affects:
How much it costs to drive to work or school
The price of food and goods in stores
How much money you have left each month
President Trump wants to avoid that. inflation. But with tension in the Middle East and tariff changes, it’s a big challenge.
President Trump is in a tough spot. He wants to protect his popularity, keep gas prices low, and avoid hurting the U.S. economy. But world problems like conflict with Iran and trade tariffs can make everything more expensive. People in America may feel the pain at the pump and the s
tore. That’s why Trump is pushing hard to “KEEP OIL PRICES DOWN.”
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