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Home › Energy Industry › Trump Says Iran Is Driving Up Oil Prices…

Trump Says Iran Is Driving Up Oil Prices Ahead of Midterms: Claims Timeline

posted on October 22, 2026

President Donald Trump said Iran is trying to drive up oil prices before the U.S. midterm election. In his October 22 Truth Social statement, he also said more oil is moving through the Strait of Hormuz than before the conflict began; the post announces no new U.S. oil-release, shipping, or fuel-price policy.

For working families watching the price at the pump, that distinction matters. The President made serious claims about Iran’s conduct, but this statement is not an announcement that the United States has released oil from its reserves or imposed a new Hormuz policy.

What did Trump say about Iran and oil prices?

In a Truth Social post published October 22, President Trump wrote: “Iran is doing everything they can to drive up the price of Oil prior to the U.S. Midterm Election.”

He said Iran was “making up fake hits, mines, and everything else,” and claimed that more oil was coming through the Strait of Hormuz than before the conflict started. He also accused Iran of continuing to kill protesters and said Iran could never have a nuclear weapon.

Those are the President’s statements. The post itself does not provide oil-price figures, gasoline-price figures, shipping data, or a new executive action behind the claims.

Is the U.S. having a fuel shortage?

This statement does not announce a U.S. fuel shortage. In fact, President Trump said oil moving through the Strait of Hormuz was higher than before the conflict. That is his claim in the post, not a federal fuel-supply report.

The practical point is simple: the President’s message argues that Iran is trying to raise prices even as oil traffic through the strait is continuing. It does not declare that Americans are out of fuel or that gasoline supplies have been cut off.

Has Trump released oil from the Strategic Petroleum Reserve?

The October 22 Truth Social post is not an announcement of a Strategic Petroleum Reserve release. It contains no order, volume, release date, or agency instruction concerning the reserve.

Americans deserve clear terms when Washington acts on energy. A reserve release would require a separate presidential or agency announcement with those details, rather than an inference from this post.

What is Trump doing about the Strait of Hormuz?

In this statement, President Trump said more oil was moving through the Strait of Hormuz than before the conflict. He did not announce a new naval operation, shipping rule, energy order, or diplomatic agreement concerning the strait.

That leaves the immediate policy question open: the post describes the President’s view of conditions in Hormuz, but it does not set out a new U.S. action there. Readers following the broader Iran story can also read Trump’s Iran strategy timeline.

Are gas prices rising because of the Strait of Hormuz?

President Trump linked Iran’s conduct to an effort to drive up oil prices, but his post does not state a national average gasoline price or say that a particular increase at U.S. pumps was caused by Strait of Hormuz traffic.

Oil-price claims and local gasoline prices are not the same measurement. For the President’s earlier remarks tying Iran to gas-price concerns in specific U.S. markets, see Trump gas price claims on Truth Social.

What has actually changed today?

The confirmed development is the President’s October 22 statement. It makes accusations against Iran, asserts that oil traffic through Hormuz has increased from before the conflict, and urges the public to recognize what he called the regime’s conduct.

It does not announce a new law, an emergency fuel program, a reserve release, a gasoline-price rule, or a change in U.S. shipping policy. Any such step would still require its own stated action from the President, Congress, or the responsible agency.

By USPatriotNews.com Editorial Team

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Filed Under: Energy Industry

USPatriotNews.com Editorial Team
USPatriotNews.com Editorial Team

USPatriotNews.com Editorial Staff

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