Trending Now - US Faces Pressure to Secure Strait of Hormuz Amid Iran Deal Concerns

WHO:

The Daily Beast - President Donald Trump, 79 years old

The Daily Beast - Iran, referred to as the Tehran regime

WHAT:

The Daily Beast - Trump described the closing of the Strait of Hormuz as “genius.”

The Daily Beast - The average price of a gallon of gas in the U.S. was $4.48.

The Daily Beast - Trump suggested temporarily waiving the federal gas tax due to rising gas prices.

The Daily Beast - Trump stated that prices would “drop like a rock” when the war ended.

The Daily Beast - Trump rejected Iran’s latest offer, calling it “one of the weakest right now” and “on life support.”

The Daily Beast - Trump claimed he has the “best plan ever” regarding Iran's nuclear capabilities.

WHERE:

The Daily Beast - The Oval Office, where Trump took questions.

WHY:

The Daily Beast - Trump indicated that the closure of the Strait of Hormuz was affecting gas prices for Americans due to the war in Iran.

The Daily Beast - Trump insisted that Iran cannot have a nuclear weapon.

HOW:

The Daily Beast - Trump mentioned the need for flexibility in war plans, stating, “you have to change” and “you have a lot of plans.”

(UPDATED May 12, 2026 09:50 UTC)

In a recent press briefing from the Oval Office, President Trump described the closure of the Strait of Hormuz as “genius” and indicated that it is impacting gas prices for Americans, which currently average $4.48 per gallon. He suggested temporarily waiving the federal gas tax due to these rising prices and expressed confidence that costs would “drop like a rock” once the war in Iran concludes. Additionally, Trump rejected Iran’s latest offer as “one of the weakest right now” and emphasized his belief that Iran cannot possess a nuclear weapon, claiming he has the “best plan ever” to address the situation.