Kathmandu. The price of oil and petroleum has been rising rapidly since the war with Iran started. As a result, US President Donald Trump is making major changes to his energy policy.

The average price of gasoline in the U.S. is now about $3.6 per gallon. That was $2.30 per gallon in February 2026. This change has the opposite effect of Trump’s earlier campaign of cheap fuel.

“The United States is the world’s largest oil producer,” Trump said on his social media platform. When the price of oil goes up, we earn a lot of money. It illustrates the conflict between political interests within the country and global strategic pressures.

Strait of Hormuz and the oil supply crisis

Currently, oil and natural gas tankers are stranded in the Strait of Hormuz, causing supply chain disruptions. The U.S. administration is trying to stabilize prices through a series of measures.

Analysts warn that the current conflict is causing volatility in oil prices. Normally, 20 million barrels of oil pass through the Strait of Hormuz a day, but most tankers currently refrain from using this route. This has raised the price of Brent crude to 4100 per barrel in the global market.

Strategic and international moves

The Trump administration has granted temporary permission to ease the process of importing oil from Russia. Earlier, India was also allowed to buy Russian oil. These steps are expected to help stabilize the market.

The US administration is also preparing to temporarily waive the zone act criteria. This will ensure the supply of essential energy and agricultural goods to U.S. ports.

Political Impact of Price Rise

Analysts at Goldman Sachs have warned that higher oil prices are likely to spur inflation, dampen economic growth and increase unemployment.

According to Trump’s political strategy, he tried to portray high oil prices as an advantage in favor of long-term security and US dominance. According to him, the US military is focused on destroying Iran’s offensive capabilities, which will ensure long-term oil supply security.

The U.S. is grappling with the challenge of high oil prices, but the administration is trying to find long-term solutions, including supply management, international cooperation and military strategy.