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U.S. President Donald Trump on Friday urged Americans to accept slightly higher gasoline prices as the cost of preventing Iran from obtaining a nuclear weapon and said he would soon declare the Strait of Hormuz a U.S territory.
Unclear how seriously Trump meant the remark or whether it represented a new policy position
Thomson Reuters
· Posted: Aug 14, 2026 5:30 PM EDT | Last Updated: 17 minutes ago
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U.S. President Donald Trump on Friday urged Americans to accept slightly higher gasoline prices as the cost of preventing Iran from obtaining a nuclear weapon and said he would soon declare the Strait of Hormuz a U.S territory.
The comments underscore the growing political risk for Trump as higher fuel prices collide with his campaign promise to lower energy costs, with Democrats already seeking to make the economic fallout from the Iran war an issue heading into the November midterm elections.
In a speech in Garden City, N.Y., Trump said Americans who had to "pay a tiny little bit more for your gasoline" should remember that this was the cost of ensuring "a very evil country" could not have a nuclear weapon.
'We're really doing a great job'
"What we're doing is a great service for the world, not only for ourselves ... and we're really doing a great job," said Trump, adding he would never apologize for attacking Iran.
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Roughly 20 per cent of global oil and LNG shipments usually pass through the Strait of Hormuz, and the potential for long-term disruption has pushed up oil prices.
"After we finish defeating Iran ... pretty soon I'll be declaring the Hormuz Strait a territory of the United States," said Trump, escalating his rhetoric over the vital waterway.
It was unclear how seriously Trump meant the remark or whether it represented a new policy position.
Iranian official reacts
Kazem Gharibabadi, Iran's deputy foreign minister, referenced Trump's Friday comments in a post on X, saying the strait could not "be seized by tweet, nor by aircraft carrier, nor by issuing an order, nor by an election speech."
He also said the strait would "only be closed and opened under Iran's command."
Trump's remarks come as the Strait of Hormuz remains a critical pressure point for global energy markets.
Oil prices have risen this week, with Brent crude approaching $90 US a barrel, while U.S. gasoline prices have climbed to around $4 US a gallon.
With files from CBC News
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