President Trump's administration is downplaying the economic impact of the ongoing conflict with Iran, despite rising oil prices and inflation affecting American households. Trump stated that current gas prices are "not very high" and referred to the economic strain as "peanuts."
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White House Downplays Economic Strain Amid Ongoing Iran Conflict
IN SHORT
President Trump's administration is downplaying the economic impact of the ongoing conflict with Iran, despite rising oil prices and inflation affecting American households. Trump stated that current gas prices are "not very high" and referred to the economic strain as "peanuts."
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Frequently asked questions
Brent crude, the world's benchmark, is hovering around $100 per barrel.
The average national gasoline price is approximately $4.10 per gallon.
Economists predict slower US economic growth and higher inflation, with Goldman Sachs forecasting an unemployment rate of 4.6% this year.
President Trump stated that gas prices are "not very high" and referred to the economic strain as "peanuts."
What Happens Next
01Officials in Pakistan are seeking to host new talks between the US and Iran.
02The US and Iran are in a standoff governed by a fragile cease-fire.