All posts tagged: United States Gasoline Fund

Grocery shock on the horizon for U.S. elections as Iran war drags on

Grocery shock on the horizon for U.S. elections as Iran war drags on

Published by Sam Flores

A customer shops in a grocery store on March 11, 2026 in Miami, Florida. Joe Raedle | Getty Images Rising grocery prices in the U.S. as the result of the Iran war could be among the most politically damaging outcomes of the conflict just months before a critical U.S. election.  Two years earlier, President Donald Trump won reelection after hammering the high costs of eggs, bacon and other grocery store staples. Now he and the Republican Party may be faced with even higher food prices as they try to retain control of Congress in this year’s midterm elections. Democrats are looking to capitalize on the spike by pinning it on Trump’s decision to go to war, while Republicans are choosing their words to downplay economic forecasts of higher prices for the fuel and fertilizer needed to produce and ship the food voters eat. “Our messaging is affordability and accountability,” Rep. Jared Huffman, D-Calif., the ranking member of the House Natural Resources Committee, said in an interview. “It’s a pretty tailored message, pretty narrowly focused, and …

Energy prices will fall when U.S. destroys Iran’s ability to attack tankers in Strait of Hormuz: Wright

Energy prices will fall when U.S. destroys Iran’s ability to attack tankers in Strait of Hormuz: Wright

Published by Sam Flores

U.S. Energy Secretary Chris Wright pumps gas at a gas station in Corpus Christi, Texas, U.S., February 27, 2026. Sheila Dang | Reuters Energy Secretary Chris Wright said oil and gas prices will begin to fall when the U.S. begins to knock out Iran’s ability to hinder tanker traffic through the Strait of Hormuz, as Americans weather spiking gas prices due to the war in Iran. “The plan is to get oil and natural gas and fertilizer and all the products from the Gulf flowing through the straits before too long,” Wright said on Fox News Sunday. “We’re massively attriting their ability to strike with missiles and drones, and that rate of attrition will increase in the coming days. So we’ll be cautious, we’ll be careful, but energy will flow soon.” President Donald Trump was elected to a second term in the White House in part by promising to lower gas prices and defeat high inflation. He has frequently touted lower gas prices ahead of the November midterm elections, which will determine control of Congress …

Iran war threatens to scramble the ‘affordability’ midterm

Iran war threatens to scramble the ‘affordability’ midterm

Published by Sam Flores

U.S. President Donald Trump points his finger as he arrives to deliver remarks on the U.S. economy and affordability at the Mount Airy Casino Resort in Mount Pocono, Pennsylvania, U.S. December 9, 2025. Jonathan Ernst | Reuters November’s midterm was always supposed to be about affordability. Then, the bombs began falling in Iran. The expanding U.S. war in the Middle East threatens to scramble the cost-of-living narrative that has so far defined the contest for control of Congress. The election, now less than eight months away, will determine whether President Donald Trump retains his iron grip on Washington or spends his last two years in office fending off Democratic congressional majorities. Both parties have sought to capitalize on kitchen-table issues, as Americans struggle to keep up with the rising costs of ordinary goods and services. The war in Iran now threatens to exacerbate those concerns — and Democrats are seizing on the opportunity to pillory Trump and Republicans for beginning a conflict that could make life even more expensive for ordinary Americans. “Because there was …

How Iran and Venezuela strikes transform the Trump-Xi trade talks

How Iran and Venezuela strikes transform the Trump-Xi trade talks

Published by Sam Flores

TOPSHOT – US President Donald Trump (L) and China’s President Xi Jinping arrive for talks at the Gimhae Air Base, located next to the Gimhae International Airport in Busan on October 30, 2025. Donald Trump and Chinese leader Xi Jinping will seek a truce in their bruising trade war on October 30, with the US president predicting a “great meeting” but Beijing being more circumspect. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images) Andrew Caballero-reynolds | Afp | Getty Images China’s opposition to the U.S. and Israeli war on Iran is stoking tensions between Beijing and Washington just weeks before a high-stakes meeting between Presidents Donald Trump and Xi Jinping. The Middle East offensive, which has killed China-friendly Ayatollah Ali Khamenei and a slew of other Iranian officials, shows the U.S. doubling down hard on its willingness to eschew diplomacy and launch high-risk military operations in pursuit of its global goals. The war began less than two months after the U.S. attacked Venezuela to capture the country’s president, Nicolas Maduro, …