Trump Insists 'I Have a Plan for Everything' as Gas Prices Surge During Iran War

The president said his plan to address rising gas prices would make Americans "very happy," but offered no details.

Mar. 11, 2026 at 7:04pm

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President Donald Trump claimed he has a plan to tackle surging oil prices worsened by the U.S. and Israel's war with Iran, but did not provide any specifics. Trump's remarks came as the conflict in the Middle East has halted shipping through the Strait of Hormuz, where at least one-fifth of the world's oil and gas supply normally travels each day. Fuel prices have spiked globally and are likely to remain high until the war ends.

Why it matters

The president's comments highlight the economic and political implications of the escalating conflict with Iran, which has led to a sharp rise in gas prices that could have significant impacts on American consumers and the broader economy.

The details

After the U.S. and Israel launched a joint attack on Iran, all shipping through the Strait of Hormuz was halted. At least one-fifth of the world's oil and gas supply travels through the Strait of Hormuz each day. Fuel prices throughout the world began to spike, with the price of crude oil increasing from about $67 per barrel before the war began on February 28 to nearly $97 as of March 11. The price of oil temporarily passed $100 per barrel on March 8 before slightly decreasing.

  • The U.S. and Israel launched a joint attack on Iran on February 28.
  • All shipping through the Strait of Hormuz was halted after the attack.
  • Fuel prices began spiking globally in the aftermath of the attack.
  • The price of crude oil increased from about $67 per barrel before the war began on February 28 to nearly $97 as of March 11.
  • The price of oil temporarily passed $100 per barrel on March 8 before slightly decreasing.

The players

President Donald Trump

The 79-year-old president of the United States who claimed he has a plan to address rising gas prices caused by the U.S. and Israel's war with Iran.

Lindsey Graham

A Republican senator from South Carolina who suggested the conflict with Iran as well as the abduction of Venezuelan President Nicolás Maduro aim to help the United States take control over major oil reserves.

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What they’re saying

“I have a plan for everything, okay? I have a plan for everything. You'll be very happy.”

— President Donald Trump

“When this regime goes down, we are going to have a new Mideast, and we are going to make a ton of money.”

— Lindsey Graham, Republican Senator from South Carolina

What’s next

The president's plan to address rising gas prices remains unclear, as he did not provide any details about how he intends to tackle the issue. The conflict in the Middle East is ongoing, and fuel prices are likely to remain high until the war ends.

The takeaway

The president's claims about having a plan to address surging gas prices highlight the significant economic and political implications of the escalating conflict with Iran. However, the lack of specifics raises questions about the feasibility and effectiveness of any potential interventions, underscoring the broader uncertainty surrounding the administration's approach to the crisis.