Updated
Updated · POLITICO · Jul 21
Trump Says Midterms Won’t Sway Iran War Plan as Gasoline Hits $4.02
Updated
Updated · POLITICO · Jul 21

Trump Says Midterms Won’t Sway Iran War Plan as Gasoline Hits $4.02

3 articles · Updated · POLITICO · Jul 21

Summary

  • Gasoline reached $4.02 a gallon Tuesday as Trump said midterm elections will not alter his plan for the war with Iran.
  • Shipping through the Strait of Hormuz has again nearly halted, and oil and gasoline prices have climbed since the U.S. and Iran resumed attacks after a cease-fire collapsed earlier this month.
  • Republican lawmakers facing difficult midterms are increasingly worried higher fuel costs could damage their chances, with strategist Jason Roe warning the conflict could cost the party its majorities.
  • The White House is projecting calm, arguing U.S. strikes will weaken Iran’s ability to disrupt energy flows and eventually push oil and gas prices back to pre-conflict levels.

Insights

Can a fragile peace deal hold when Iran views the world's oil lifeline as its ultimate weapon?
How vulnerable is the global economy to the Hormuz crisis if the U.S. is now energy independent?
With simultaneous attacks and negotiations, what is America's real endgame with Iran?