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Trump backs suspending US gas tax as Iran war keeps prices soaring, but Congress holds the key
International
Published on 12 May 2026
A 90 day tax break faces Congress first
President Trump says he supports suspending the federal gasoline tax as US pump prices stay high amid the Iran war. A 90 day suspension for both gas and diesel would require congressional approval, with a proposal led by Senator Hawley. Some Democrats have pushed similar ideas, but Senate leadership is noncommittal, pointing instead to reopening the Strait of Hormuz.
- Trump supports suspending the federal gasoline tax amid high prices
- Senator Hawley plans a 90 day suspension of gas and diesel taxes
- The move needs congressional approval, leaving timing uncertain
- Senate leaders are not fully committed, citing Strait of Hormuz options
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times