Trump Says Higher Gas Prices Will Remain 'For a Little While'

Watch on YouTube ↗  |  April 23, 2026 at 20:52  |  1:15  |  Bloomberg Markets
Speakers
Donald Trump — President of the United States

Summary

President Trump discusses his control over the Strait of Hormuz, stating he kept it closed to pressure Iran. He says Americans should expect slightly higher gasoline prices for a little while. He also remarks on the stock market being at an all-time high despite his earlier expectations of a drop.

  • Trump claims the US has total control of the Strait of Hormuz.
  • He kept the strait closed to prevent Iran from making $500 million a day.
  • He anticipates gas prices will be higher for a little while.
  • He mentions the threat of Iran obtaining a nuclear weapon.
  • He notes the stock market is at an all-time high, contrary to his earlier expectation of a 20-25% decline.
Trade Ideas
Donald Trump President of the United States 0:54
Gasoline prices stay higher temporarily
President Trump expects gasoline prices to remain elevated for a temporary period because he is keeping the Strait of Hormuz closed to pressure Iran, which limits oil supply. He states Americans should anticipate spending more on gasoline for a little while.
UGA MED
Up Next
3:28
Intel's Strong AI-Fueled Forecast Tops Estimates
Bloomberg Markets · Apr 23
1:12:58
MacroVoices #529 Ole S Hansen: Commodities in The Wake of The Iran Crisis
Macro Voices · Apr 23
23:57
Trade of The Week - MacroVoices #529
Macro Voices · Apr 23
1:11:41
LIVE: President Trump participates in a health care affordability event at the White House — 4/23/26
CNBC · Apr 23
7:47
Stocks on the Backfoot, Intel Beats Earnings | Closing Bell
Bloomberg Markets · Apr 23

This Bloomberg Markets video, published April 23, 2026, features Donald Trump discussing UGA. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Donald Trump  · Tickers: UGA