President Trump Gathers Cabinet to Address Rising Energy Prices and Ongoing Iran War
The administration announced a cabinet meeting at the Camp David retreat to chart a path forward for the ongoing war with Iran, which has now lasted five months. The conflict has caused energy prices to soar, with crude oil pushing past $90 a barrel as the Strait of Hormuz remains a primary focal point of the fighting. President Trump met with Saudi Defense Minister Prince Khalid bin Salman to discuss the conflict, while the administration also conducted a heavy wave of strikes against Iran in retaliation for an attack on American bases in Jordan. These strikes targeted dozens of IRGC facilities, including military command centers and drone sites. While energy companies like ExxonMobil and Chevron report record profits, the high cost of gas and groceries remains a challenge for the administration. President Trump expressed a desire to use tariffs as a tool for economic coercion against Iran, while seeking a diplomatic resolution to reopen the vital trade route.