Trump Acknowledges Gas Prices May Not Fall Before Midterm Elections Amid Hormuz Blockade Energy Shock

President Trump acknowledged publicly that gasoline prices may not fall before the November 2026 midterm elections, underlining significant Republican political vulnerability amid the ongoing Strait of Hormuz blockade and the resulting energy price shock. The admission is a notable political concession, as fuel prices have surged sharply since the Iran conflict began and the Hormuz blockade further disrupted global oil supply chains. Analysts warn high energy costs could be a defining issue for Republican candidates in competitive districts.