Trump: Refinery disruptions, not Hormuz, are driving gas prices
Summary
President Donald Trump said that problems with oil refineries, not Iran’s closing of the Strait of Hormuz, are causing gas prices to rise. He noted that the amount of oil being produced remains high despite the conflict between the U.S. and Israel with Iran.Key Facts
- President Trump made the statement on Monday.
- He said refinery problems are the main cause of higher gas prices.
- Iran had closed the Strait of Hormuz, a key oil shipping route.
- The U.S. and Israel are involved in a conflict with Iran.
- Trump mentioned that oil production is still at record levels.
- The Strait of Hormuz’s impact on gas prices is now less important.
- Gasoline prices have been rising significantly.
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