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Trump Warns Iran as Energy Prices Surge Amid Ongoing War
President says U.S. may escort oil tankers through Strait of Hormuz to keep energy flowing.
Published on Mar. 10, 2026
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President Trump said the war in Iran would continue for at least another week, and suggested the U.S. could begin accompanying oil tankers through the Strait of Hormuz to help keep oil flowing from the Middle East. Trump warned Iran that if it attacks ships under U.S. protection, American forces would respond aggressively. The president claimed the U.S. air campaign had accomplished many of its goals, but said more work had to be done before ending the war.
Why it matters
The ongoing war in Iran has led to a surge in energy prices, which could be a key issue in the upcoming midterm elections. Trump is trying to balance signaling an end to the conflict to calm markets, while also suggesting the assault will continue until Iran has no capacity to pursue a nuclear weapon.
The details
Trump said the U.S. could accompany oil tankers through the Strait of Hormuz to keep oil flowing, warning Iran that if it attacks ships under U.S. protection, American forces would respond aggressively. The president claimed the U.S. air campaign had accomplished many of its goals, including damaging Iran's air defense systems, missile production, and navy, but said more work had to be done before ending the war.
- The war in Iran has been ongoing for 10 days.
- Trump said the war would go on for at least another week.
The players
President Trump
The President of the United States.
Pete Hegseth
The U.S. Secretary of Defense.
Mojtaba Khamenei
The new supreme leader of Iran, following the death of his father Ayatollah Ali Khamenei.
What they’re saying
“We've already won in many ways, but we haven't won enough. We go forward more determined than ever to achieve ultimate victory that will end this long-running danger once and for all.”
— President Trump (New York Times)
“If it starts up again, they'll be hit even harder.”
— President Trump (New York Times)
“The Strait of Hormuz is going to remain safe. We're putting an end to all of this threat once and for all, and the result will be lower oil prices, oil and gas prices for American families.”
— President Trump (New York Times)
What’s next
The Pentagon is expected to release a report on the missile strike that killed 175 civilians at an Iranian school, and Trump said he would defer to the findings of that investigation.
The takeaway
The ongoing war in Iran has led to a surge in energy prices, which could be a key issue in the upcoming midterm elections. Trump is trying to balance signaling an end to the conflict to calm markets, while also suggesting the assault will continue until Iran has no capacity to pursue a nuclear weapon.
