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No gas price relief in sight as Strait of Hormuz stands still

President Trump said again on Thursday that oil and gas prices will drop after the war with Iran is over. But for now, they are back to levels last seen around the start of the war in Ukraine during the Biden administration. Jo Ling Kent reports from Los Angeles.

First seen · 11:39 PM UTCMay 1, 2026

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No gas price relief in sight as Strait of Hormuz stands stillPresident Trump said again on Thursday that oil and gas prices will drop after the war with Iran is over. But for now, they are back to levels last seen around the start of the war in Ukraine during the Biden administration. Jo Ling Kent reports from Los Angeles.
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