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Trump warns gas prices could be higher by midterms | NewsNation Live

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April 12, 2026

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President Donald Trump announced the United States would impose a blockade of the Strait of Hormuz after 20 hours of negotiations between the U.S. and Iran ended without a peace deal. The U.S. Navy is now working to destroy Iranian naval mines in the waterway. Trump has described Iran’s actions in the strait as “extortion.” “NewsNation Live” examines what the escalation could mean for gas prices, airlines and summer travel as global energy markets react.

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Trump warns gas prices could be higher by midterms | NewsNation Live · Newsnation · Sentinel