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Gas price rises as Trump mulls dropping bid to reopen Strait of Hormuz

Trump indicates he could abandon efforts to force Iran to reopen the Strait of Hormuz as the war pushes U.S. gas prices over the $4 mark.

1 report1 sourceMar 31, 2026, 8:55 PM
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CBS NewsMar 31, 2026, 8:55 PM

Gas price rises as Trump mulls dropping bid to reopen Strait of Hormuz

Trump indicates he could abandon efforts to force Iran to reopen the Strait of Hormuz as the war pushes U.S. gas prices over the $4 mark.

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