Trump Admits High Oil Prices May Last Until Midterms, Iran Mocks Blockades

Matichon•International•11h ago

Reader Briefing

Escalating tensions between the US and Iran following failed peace talks have sent oil prices soaring, prompting concerns about their impact on upcoming US midterm elections.

•US President Trump acknowledged that high oil and gasoline prices might persist until the November midterm elections.
•Iranian Parliament Speaker Mohammad Bagher Ghalibaf suggested that 'blockades' would further increase oil prices, referencing past lower prices.
•The failure to reach a peace agreement between the US and Iran has led to a strengthening US dollar and global economic uncertainty.
•Oil prices surpassed $100 per barrel due to the ongoing conflict and Iran's actions regarding the Strait of Hormuz.

Overview

•On Monday, April 13, oil prices in the global market surged above $100 per barrel.
•US President Donald Trump stated on April 12 that oil and gasoline prices may remain high until the November midterm elections.
•Iranian Parliament Speaker Mohammad Bagher Ghalibaf posted a map of oil prices in Washington D.C. on social media, warning of future price hikes due to 'blockades'.
•The market uncertainty caused by the war is affecting the global economy.
•Iran is hindering navigation through the Strait of Hormuz in response to the war actions by the US and Israel.
•Peace talks between the US and Iran in Pakistan concluded without any agreement.
•Oil prices have risen above $100 per barrel.
•Investors are seeking safety, causing the US dollar to strengthen against other major currencies.

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Key Quotes

Donald Trump

"Oil and gasoline prices may remain high until the midterm elections in November."

ราคาน้ำมันและน้ำมันเบนซินอาจยังคงสูงไปจนถึงการเลือกตั้งกลางเทอมในเดือนพฤศจิกายน

Mohammad Bagher Ghalibaf

"Enjoy the current prices at the pump. With what is called 'blockade,' you will soon miss oil prices of $4-5."

จงเพลิดเพลินกับราคาน้ำมันหน้าปั๊มตอนนี้เถอะ ด้วยสิ่งที่เรียกว่า ‘การปิดล้อม’ อีกไม่นานคุณจะคิดถึงราคาน้ำมัน 4–5 ดอลลาร์

Key Entities

Person

Donald Trump(โดนัลด์ ทรัมป์)ℹ️

President of the United States who commented on the impact of high oil prices on the midterm elections.

Mohammad Bagher Ghalibaf(โมฮัมหมัด บาเกอร์ กาลีบาฟ)ℹ️

Speaker of the Iranian Parliament who made a statement about oil prices on social media.

Place

United States(สหรัฐ)ℹ️

Country involved in peace talks with Iran and whose President commented on oil prices.

Iran(อิหร่าน)ℹ️

Country involved in peace talks with the US and whose Parliament Speaker commented on oil prices.

Strait of Hormuz(ช่องแคบฮอร์มุซ)ℹ️

Strategic waterway where Iran is hindering navigation.

Pakistan(ปากีสถาน)ℹ️

Country where peace talks between the US and Iran took place.