Trump says Iran strikes will 'dramatically increase stability' for gas prices, stocks
Trump: "In the long term, the actions we're taking will dramatically increase the stability of the region and oil prices and stock markets and everything else, you know, we set the all-time record in history with the DOW going to 50,000. So DOW is at 50,000." pic.twitter.com/IOEIerDBWX
— The Bulwark (@BulwarkOnline) March 5, 2026
WASHINGTON, DC: As the US-Israel conflict with Iran entered its sixth day, President Donald Trump made another statement about the situation and the future of the stock market.
Speaking at the White House while honoring the 2025 Major League Soccer champions, the president said that the steps the US is taking against Iran could help the US economy in the long term. He suggested that the actions may eventually support growth in the stock market.
However, fuel prices have continued to rise, and the stock market has dropped since the conflict began. On Thursday, the Dow fell 785 points, or around 1.6%, closing below the 48,000 mark. This means that the value of many major US company stocks decreased that day.
Trump says Iran strikes will help oil prices and markets over time
US missile strikes on Iran have added to global political tension and unsettled financial markets. Stock prices have dropped while oil and gas prices have surged amid fears of a wider conflict. Even so, Trump said he is not worried about the economic consequences at this stage.
Trump said, "In the long term, the actions we're taking will dramatically increase the stability of the region and oil prices and stock markets and everything else," he said. "You know, we set the record in history with the Dow going to 50,000."
He also said he was not concerned about the rise in US gas prices linked to the growing conflict with Iran. "I don't have any concern about it," he said when asked about the higher prices at the pump. "They'll drop very rapidly when this is over, and if they rise, they rise, but this is far more important than having gasoline prices go up a little bit."
Last month, during his State of the Union address and at an energy-focused rally in Texas, he highlighted the recent drop in gas prices. That rally took place only a few hours before the US launched air strikes on Saturday, February 28.
White House says fuel price spike may be temporary amid Iran tensions
The White House said the conflict with Iran and the recent rise in fuel prices may not last long. Republican leaders in Congress, including Mike Johnson, have also downplayed concerns about higher gas prices as the party prepares to highlight its economic record ahead of the midterm elections.
Earlier this week, Marco Rubio said the administration is working on steps to address rising energy costs. For now, the main measures include U.S. support for oil tanker risk insurance and the possible use of naval escorts to protect ships moving through the Strait of Hormuz, a key passage for global oil supply.
According to Reuters, energy industry leaders say the White House has limited options to quickly lower fuel prices. One executive said most policy steps may offer some help but are unlikely to make a major difference. The main priority, the executive added, should be restoring safe oil shipments through the Strait of Hormuz.
Officials are also considering other options. These include a temporary federal gas tax break and relaxing summer fuel rules to allow higher ethanol blends to be sold.
