High gas prices are TEMPORARY, White House says noting 'SHORT-TERM COST' of Iran war

Añadido: 2026-05-07

[00:00:00]The price of gasoline, of course, is very, very high. Uh we expect that that's a temporary phenomenon. Our expectation is that the straits will be open soon, and when that happens, that there's a heck of a lot of uh excess capacity that that OPEC has been constraining that can come through the Gulf. We're more optimistic even than futures markets because we've started to account for the fact that UAE left OPEC, and they have a massive amount of excess capacity. They could turn the knobs up to to 100% right away, and that will have a huge effect on oil prices around the world.

[00:00:31]We had a suicidal regime that told us that they're about to have nuclear weapons. It's like a fundamental threat to the future of our country, and President Trump took the old bold stance of making the world a safer place in the long run, and there's a very short-term cost for that, and he had the courage to stop this uh regime that's probably the worst regime since we've seen since the since the Second World War on Earth. And so, that's an appropriate No, but that's that's an appropriate thing for us to be doing, and I think that the American people support not having you know, these terrorists, not having another 9/11. All those things that President Trump is doing to protect us.