Schumer attacks Trump as oil, gas prices rise on Iran strikes

Sen.

Chuck Schumer (D-N.Y.) criticized President Donald Trump over rising gas prices as renewed U.S. strikes against Iran pushed oil prices higher and intensified concerns about fuel costs for American families.

Trump Says Oil Prices Will Fall On Wednesday, in a post on X, Schumer shared an Oval Office video clip showing Trump responding to questions about the renewed U.S. military campaign against Iran and its impact on oil prices.

A reporter told Trump that the strikes had pushed oil prices back toward $95 a barrel.

Trump responded that prices "will come down." Asked how long the renewed campaign would last, Trump said, "I don’t think too long." Trump also defended the U.S. position around the Strait of Hormuz, saying, "we’ve controlled and we are controlling the Hormuz Strait." He added, "We are bringing lots of boats out every day with millions of barrels of oil." Schumer Slams Trump Over Gas Prices Schumer criticized Trump in his post, arguing that Americans have been waiting for relief from elevated fuel costs. "For 6 months, Americans have been hearing this from Trump," he wrote.

He added, "Gas prices just hit the highest-ever for August, families are begging for relief, and this is the best Trump can do." American Automobile Association data showed the national average for regular gasoline at $4.1203 a gallon Wednesday, compared with $3.1869 a year earlier.

The highest prices were in California at $5.7369 a gallon, followed by Washington at $5.4373 and Hawaii at $5.4157.

For 6 months, Americans have been hearing this from Trump.

Gas prices just hit the highest-ever for August, families are begging for relief, and this is the best Trump can do. — Chuck Schumer (@SenSchumer) September 2, 2026 Read Also: Trump Family Businesses Are Among Iran War’s Winners as Oil and Defense Spending Surge: Report Gerber, Hassett Addressed Iran War Impact Last month, Investor Ross Gerber criticized Trump over the Iran war, saying rising oil prices and borrowing costs were increasing pressure on the administration.

Gerber said Trump had "no business starting a war" and argued Iran knew Trump had "no support for his war going into an election." Meanwhile, National Economic Council Director Kevin Hassett acknowledged that fuel prices were "higher than we would like" because of the Iran conflict.

He said steps had been taken to lower prices once the Gulf situation was resolved and attributed persistent grocery-price pressures to earlier inflation.

Iran Conflict Escalates On Tuesday, the U.S. reportedly adopted a "tanker for tanker" policy against Iran, striking two Iranian government tankers and about 100 targets.

Iran condemned the attacks, while roughly 40 ships transited the Strait of Hormuz under U.S. military guidance.

Iranian President Masoud Pezeshkian said Tehran would immediately reciprocate if Washington returned to its commitments under a June agreement.

He also said Iran remained open to negotiations and that war served no one’s interests.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors.

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