Trump says Americans should expect higher gas prices for 'a little while'

trump told americans on thursday to expect higher gas prices "for a little while" due to the iran war, without giving a timeline. he said he's in no rush for a peace deal, claiming the war hit stocks and oil less than he expected. "i thought oil would go up to maybe $200 a barrel," he said. brent crude closed at $105.07, up 3% on the day — far from the $120 it hit right after the war started. gas prices have surged over 30% to top $4 a gallon since the war began on feb. 28, per aaa. a new cnbc survey of 1,000 people found nearly 80% have cut spending due to pump pain. a majority expect high prices to last at least six months. the war is now nearing its second month, well past the 4-6 week timeline the administration initially projected. trump said he rejected an iranian offer to reopen the strait of hormuz, keeping the blockade in place to pressure a deal.