Trump Shrugs Off Rising Costs Amid Iran Conflict

Mar 27 2026

“It doesn’t matter to me,” President Donald Trump declared Wednesday, addressing House Republicans at a fundraising dinner. His remarks came as gas prices surged nationally, raising concerns among everyday Americans.

Trump, whose wealth exceeds $6 billion—largely accrued through cryptocurrency ventures—acknowledged the financial implications of his aggressive stance towards Iran. “I thought it was going to be much worse. I thought that the energy prices, oil prices, would go up higher. I thought the stock market would go somewhat lower,” he stated, dismissing the economic fallout as “short-term.”

He elaborated on his rationale, asserting, “What we had to do is get rid of the cancer. We had to cut out the cancer. The cancer was Iran with a nuclear weapon, and we’ve cut it out. Now we’re going to finish it off.” This bold declaration reflects a willingness to prioritize national security over economic stability.

In a curious twist, Trump claimed that several past U.S. presidents expressed regret for not initiating conflict with Iran, suggesting they lacked the courage to act. “Numerous” leaders from the last 47 years wished they had taken similar steps, he insisted.

When pressed by reporters about which former president shared this sentiment, Trump remained tight-lipped, stating, “I can’t tell you that. I don’t want to embarrass him.” This prompted inquiries directed at Bill Clinton, Barack Obama, and Joe Biden, all of whom denied any discussions with Trump regarding Iran. George W. Bush echoed this sentiment in a statement to media outlets.

As Trump spoke, gas prices soared approximately 30% nationwide, with crude oil reaching $99.75 per barrel. This spike is largely attributed to Iran's retaliation against U.S. actions, effectively blocking the Strait of Hormuz—a critical oil shipping route.

Ashley Brown, a hairstylist from Seattle, shared her struggles with rising costs: “I feel like we’re being squeezed everywhere else.” She has opted for train travel instead of driving, resulting in a doubled commute time due to escalating gas prices. “The cost of doing business, the cost of groceries, the cost of living. And now with gas going up, there’s just no room,” she lamented.

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