Name: Trump: Gas Prices May Not Drop Right Away After Strait of Hormuz Blockade
Uploaded: 2026-04-12T15:19:00Z
Duration: 59 s
Description: President Trump told Fox News on Sunday that a naval blockade of the Strait of Hormuz will take place soon.

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President Trump told Fox News on Sunday that a naval blockade of the Strait of Hormuz will take place soon. Photo: Kevin Lamarque/Reuters

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President Trump told Fox News on Sunday that a naval blockade of the Strait of Hormuz will take place soon.

Trump: Gas Prices May Not Drop Right Away After Strait of Hormuz Blockade

Is this all going to be enough? The blockade in the Strait, the opening up capacity in the United States. Is this gonna be enough to lower the price of oil and gas, sir?

President Trump: Well, eventually, it's gonna be lowered. Though, it might not happen initially, but it's gonna go down. When this is all over, look, the stock market, the Dow hit 50,000. It was supposed to be in four or five years. They said, "It won't happen during his term, but it'll be maybe four or five years." It hit 50,000 in my first year. You know it better than anybody. You cover it better than anybody. The S&P hit 7,000 in my first year. Before my first year, you know that. And I said to myself, "Oh, here we go. I gotta stop this country from having a nuclear weapon." You wanna see a stock market go down? Let a couple of nuclear bombs then be dropped on us, or frankly, any place else. And then you'll see a stock market that goes down.