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GOP lawmaker rallies around Trump's tax-cut campaign as competitive 2026 House race looms: 'Big issue'

GOP lawmaker rallies around Trump's tax-cut campaign as competitive 2026 House race looms: 'Big issue'

Fox News19-05-2025

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By Deirdre Heavey
Published May 19, 2025
BETHLEHEM, PA – Freshman GOP Rep. Ryan Mackenzie flipped a congressional seat in the Lehigh Valley just six months ago, but with competitive midterm elections expected in 2026, Americans for Prosperity (AFP) is already building its grassroots coalition in his swing district.
It's an off-election year for Mackenzie, who unseated longtime Democrat Rep. Susan Wild in November, but as the 42-year-old jogged through neighborhood blocks in Bethlehem and greeted constituents at their doors on Saturday afternoon, the newest Pennsylvania congressman still has 17 months before his first re-election challenge.
Mackenzie joined AFP activists in the Lehigh Valley on Saturday for a day of action, designed to educate constituents on his work to extend President Donald Trump's 2017 Tax Cuts and Jobs Act (TCJA) and pass Trump's "big, beautiful bill" as budget negotiations continue back on Capitol Hill. He said it was his first time door knocking since winning in November.
"We have a tremendous opportunity as members of Congress to actually pass transformative legislation which will bring down taxes and the cost of living for not only individuals, but small businesses all across this country. For the past four years, we've seen that inflation has been out of control, driving up the prices of everything — food, fuel, housing, healthcare," Mackenzie told Fox News Digital in an exclusive interview.
GOP REPS, ADVOCACY GROUP TO TARGET COMPETITIVE HOUSE DISTRICTS IN TRUMP TAX-CUT PUSH
"It's been very difficult for people to make ends meet. That was a big issue in the campaign, and now we have that opportunity to deliver, as members of Congress, with significant tax reform and tax relief," Mackenzie added.
CONGRESSIONAL DEMOCRATS TARGETING DOZENS OF HOUSE REPUBLICAN-HELD SEATS IN 2026 MIDTERM BATTLE FOR MAJORITY
Conservative holdouts stalled a procedural vote for reconciliation on Friday, prompting House leaders to return to the Hill late Sunday night to continue negotiations. Meanwhile, Trump is urging House Republicans to pass his "big, beautiful bill" following his high-profile diplomatic trip to the Middle East last week.
"Ultimately, we do have to get a resolution that satisfies 218 members of Congress. We're very close to doing that, and this is all part of the process. Nobody should be upset or concerned about any kind of little bumps in the road, because ultimately, we're going to come together to do what's right for the American people," Mackenzie said.
The conservative advocacy group teamed up with GOP Reps. David Schweikert and Juan Ciscomani of Arizona, Ashley Hinson of Iowa, Tom Barrett of Michigan and Mackenzie of Pennsylvania for door-knocking, phone banks and grassroots organizing in a show of support for Trump's tax cuts this weekend — telling constituents how their representatives are working to alleviate financial burden for everyday Americans.
AFP shared with Fox News Digital that they reached over 90,000 voters on Saturday.
"Americans for Prosperity Pennsylvania has been on the ground knocking doors, making calls, hosting events, and organizing demonstrations to educate and show the urgency for Congress to make provisions of the Tax Cuts and Jobs Act permanent," Emily Greene, Americans for Prosperity Pennsylvania State Director, told Fox News Digital.
"We're talking with taxpayers and business owners every day who understand that Congress needs to get to work — we can't risk facing the largest tax hike in American history. After four years of record-high inflation, taxpayers deserve better."
AFP launched the day of action in conjunction with a $20 million "Protect Prosperity" campaign, which the advocacy group called the single largest investment of any outside group dedicated to preserving the Tax Cuts and Jobs Act.
And it's no coincidence that AFP focused its attention on competitive congressional districts in Arizona, Iowa, Michigan and Pennsylvania this weekend, as contentious races are expected in 2026. While Saturday's day of action was designed to spotlight how Republican representatives are working in Washington, D.C., to boost the economy for everyday Americans back home, it also launched an early messaging campaign.
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As Democrats try to win back control in the House of Representatives in 2026, AFP is getting ahead of Democrats' likely attacks on vulnerable Republicans' support for Trump's "big, beautiful bill" — by telling Republican voters that their representatives are delivering for them. Print Close
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Housing market map: Zillow just released its updated home price forecast for 400-plus housing markets
Housing market map: Zillow just released its updated home price forecast for 400-plus housing markets

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Housing market map: Zillow just released its updated home price forecast for 400-plus housing markets

Want more housing market stories from Lance Lambert's ResiClub in your inbox? Subscribe to the ResiClub newsletter. Housing market map: Zillow just released its updated home price forecast for 400-plus housing markets Perplexity's new AI features are a game changer. Here's how to make the most of them What's behind the rise in interim CEOs Heading into the year, Zillow economists forecasted that U.S. home prices ​​were likely to rise 2.6% in 2025. However, this year, the housing market—in particular in the Sun Belt—was softer than expected and Zillow has made several downgrades to its forecast for national home prices. This week, newly released data from Zillow shows that U.S. home prices have decelerated to a year-over-year increase of just 0.4%. Zillow economists now expect U.S. home prices to decline by 0.7% between May 2025 and May 2026. 'With inventory up nearly 20% over the previous year, buyers had more options in May than at any time since July 2020. Despite higher sales, sellers still outnumber buyers,' wrote Zillow economists. 'This gives buyers more time to decide and more power in negotiations. Zillow's market heat index shows a balanced market nationwide, one that's a lot more buyer-friendly than in recent years. Competition among buyers declined to the lowest level seen in May in Zillow records, reaching back through 2018.' Not only do Zillow economists predict soft national home price growth this year, but they're also predicting that the housing market will only see 4.1 million U.S. existing home sales in 2025. That would mark the third-straight year of suppressed existing home sales. For comparison, in pre-pandemic 2019, there were 5.3 million existing home sales in the U.S. Zillow economists added: 'Home values have fallen in 22 of the 50 largest metro areas over the past year, and sellers cut prices on almost 26% of listings nationwide—another May high in Zillow records. Homes that sell typically do so in 17 days, about four more than last year and only two days fewer than pre-pandemic averages.' This embedded content is not available in your region. Among the 300 largest U.S. housing markets, Zillow expects the strongest home price appreciation between May 2025 and May 2026 to occur in these 10 areas: Atlantic City, New Jersey → 3.4% Kingston, New York → 2.7% Knoxville, Tennessee → 2.6% Pottsville, Pennsylvania → 2.5% Torrington, Connecticut → 2.4% Rochester, New York → 2.2% Syracuse, New York → 2.1% Fayetteville, Arkansas → 2.1% Rockford, Illinois → 2.1% Yuma, Arizona → 2.0% Among the 300 largest U.S. housing markets, Zillow expects the weakest home price appreciation between May 2025 and May 2026 to occur in these 10 areas: Houma, Louisiana → -9.4% Lake Charles, Louisiana → -8.9% New Orleans → -7.2% Alexandria, Louisiana → -6.7% Lafayette, Louisiana → -6.6% Shreveport, Louisiana → -6.4% Beaumont, Texas → -6.2% San Francisco → -5.5% Midland, Texas → -5.3% Odessa, Texas → -5.3% While Zillow expects home prices across most of Florida to be flat over the coming year, ResiClub remains skeptical. After all, Florida has experienced a significant increase in active inventory and months of supply over the past year, which could signal potential pricing weakness. Indeed, prices of single-family homes and condos are currently declining in most Florida housing markets. This post originally appeared at to get the Fast Company newsletter: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

[Latest] Global Lawn Mowers Market Size/Share Worth USD 61.1 Billion by 2034 at a 6.2% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT Analysis)
[Latest] Global Lawn Mowers Market Size/Share Worth USD 61.1 Billion by 2034 at a 6.2% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT Analysis)

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[Latest] Global Lawn Mowers Market Size/Share Worth USD 61.1 Billion by 2034 at a 6.2% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT Analysis)

[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Lawn Mowers Market size & share revenue was valued at approximately USD 33.5 Billion in 2024 and is expected to reach USD 36.4 Billion in 2025 and is expected to reach around USD 61.1 Billion by 2034, at a CAGR of 6.2% between 2025 and 2034. The key market players listed in the report with their sales, revenues and strategies are American Honda Motor Co. Inc., Ariens Company, Briggs Stratton, Deere & Company, Falcon Garden Tools, Fiskars, Husqvarna Group, MTD Products, Robert Bosch GmbH, Robomow Friendly House, The Toro Company, and others. austin, TX, USA, June 23, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled 'Lawn Mowers Market Size, Trends and Insights By Product (Manual, Electric, Petrol, Robotic, Others), By Type (Ride-on Mowers, Push Mowers, Robotic Mowers), By Propulsion (ICE, Electric), By End-Use (Residential, Professional Landscaping Services, Golf Courses, Government, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' in its research database. 'According to the latest research study, the demand of global Lawn Mowers Market size & share was valued at approximately USD 33.5 Billion in 2024 and is expected to reach USD 36.4 Billion in 2025 and is expected to reach a value of around USD 61.1 Billion by 2034, at a compound annual growth rate (CAGR) of about 6.2% during the forecast period 2025 to 2034.' Click Here to Access a Free Sample Report of the Global Lawn Mowers Market @ Lawn Mowers Market Overview A lawn mower is a machine that cuts grass to an equal height. It usually includes a motorized or manually powered cutting mechanism, a rotating blade or reel, and a handle for manipulation. Lawn mowers can be driven by electricity, fuel, or manual labor and are available in various styles, including push mowers, self-propelled mowers, robotic mowers, and riding mowers. They are widely employed to maintain lawns in residential, business, and public areas. The lawn mower industry is influenced by several factors, including the rising product launch with the innovation in technology, growing collaboration among the key market players, rising popularity of golf, and many others. However, the high maintenance and repair costs might be a major restraining factor for the industry's growth. Lawn Mowers Market Growth Factors and Dynamics Growing trends of gardening The lawn mower industry has expanded significantly due to rising demand for gardens and lawns in both residential and institutional settings. Outdoor sports such as tennis, croquet, cricket, football, hockey, and rugby, which necessitate well-kept lawns, fuel this trend. Additionally, the growing trend of gardening as a hobby and the rising desire to enhance the appearance of one's backyard are driving product demand. As per secondary sources, more than 55% of US families engage in some type of gardening or lawn maintenance. Demand for urban spaces is increasing as a result of urbanization and the development of smart cities. Request a Customized Copy of the Lawn Mowers Market Report @ Emergence of advanced robotic lawn mowers The industry is experiencing significant demand as people want high-tech, convenient lawn mowing options. In the United States and other industrialized countries, consumers are leaning toward robotic lawn mowers that use GPS, Wi-Fi, and other advanced technology to cut grass efficiently with minimal human intervention. These smart mowers can be controlled remotely and are especially popular among wealthier middle-class homeowners who enjoy gardening as a pastime. The commercial category, which includes golf, lawn sports, and landscaping services, also makes a substantial contribution to market growth. Institutional demand from public green spaces, parks, and building sites fuels the market's growth. High maintenance and repair costs The high maintenance and repair costs of lawn mowers are a significant market limitation. These prices influence consumer purchasing decisions, especially for commercial and high-end residential consumers. Gas-powered mowers require regular oil changes, air filter replacements, and spark plug inspections, which raises long-term expenditures. Furthermore, robotic and AI-powered lawn mowers require specialized maintenance, which makes repairs costly. Thus, the high maintenance and repair costs hamper the industry's growth. Report Scope Feature of the Report Details Market Size in 2025 USD 36.4 Billion Projected Market Size in 2034 USD 61.1 Billion Market Size in 2024 USD 33.5 Billion CAGR Growth Rate 6.2% CAGR Base Year 2024 Forecast Period 2025-2034 Key Segment By Product, Type, Propulsion, End-Use and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research. (A free sample of the Lawn Mowers report is available upon request; please contact us for more information.) Our Free Sample Report Consists of the following: The updated report for 2024 includes an introduction, an overview, and an in-depth industry analysis. We have included the COVID-19 Pandemic Outbreak Impact Analysis in the package. About 220+ Pages Research Report (Including Recent Research) Provide detailed chapter-by-chapter guidance on the Request. Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2025 Includes We have updated the tables and figures. The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis Custom Market Insights (CMI) research methodology (Please note that the sample of the Lawn Mowers report has been modified to include the COVID-19 impact study prior to delivery.) Request a Customized Copy of the Lawn Mowers Market Report @ Lawn Mowers Market New Launches and Acquisitions In March 2023, Robert Bosch GmbH introduced the UniversalRotak 2x18V-37-550 cordless lawn mower. This has been designed for the cleaning of large lawns that are 500 m². The mower utilizes two 18V batteries for extended runtime, ensuring complete lawn mowing. Key questions answered in this report: What is the size of the Lawn Mowers market and what is its expected growth rate? What are the primary driving factors that push the Lawn Mowers market forward? What are the Lawn Mowers Industry's top companies? What are the different categories that the Lawn Mowers Market caters to? What will be the fastest-growing segment or region? In the value chain, what role do essential players play? What is the procedure for getting a free copy of the Lawn Mowers market sample report and company profiles? Key Offerings: Market Share, Size & Forecast by Revenue | 2025−2034 Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions Competitive Landscape – Top Key Vendors and Other Prominent Vendors Buy this Premium Lawn Mowers Research Report | Fast Delivery Available - [220+ Pages] @ Lawn Mowers Market Regional Analysis North America is projected to dominate the lawn mowers market. The expansion of metropolitan areas, as well as the development of residential spaces with lawns and green areas, is driving up demand for lawn maintenance equipment. Furthermore, the increasing demand for golf courses majorly drives the industry expansion in the region. However, the Asia-Pacific region is growing at a significant pace in the global lawn mower industry. We expect the growing urbanization and gardening trend in residential areas to drive regional industry expansion. (We customized your report to meet your specific research requirements.) Inquire with our sales team about customizing your report.) Still, Looking for More Information? Do you want data for inclusion in magazines, case studies, research papers, or media? Email Directly Here with Detail Information: support@ Browse the full 'Lawn Mowers Market Size, Trends and Insights By Product (Manual, Electric, Petrol, Robotic, Others), By Type (Ride-on Mowers, Push Mowers, Robotic Mowers), By Propulsion (ICE, Electric), By End-Use (Residential, Professional Landscaping Services, Golf Courses, Government, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034' Report at Here is a list of the prominent players in the Lawn Mowers Market: American Honda Motor Co. Inc. Ariens Company Briggs Stratton Deere & Company Falcon Garden Tools Fiskars Husqvarna Group MTD Products Robert Bosch GmbH Robomow Friendly House The Toro Company Others Click Here to Access a Free Sample Report of the Global Lawn Mowers Market @ Spectacular Deals Comprehensive coverage Maximum number of market tables and figures We offer a subscription-based option. Best price guarantee We offer free 35% or 60 hours of customization. We also offer free post-sale service assistance. You will receive a 25% discount on your subsequent purchases. Service guarantees are available. The author will create a customized market brief for you. Browse More Related Reports: Regenerative Thermal Oxidizer Market: Regenerative Thermal Oxidizer Market Size, Trends and Insights By Product Type (Single bed regenerative thermal oxidizer, Double bed regenerative thermal oxidizer, Triple bed regenerative thermal oxidizer), By Industry (Automotive, Chemical, Coating and Printing Industry, Electrical & Electronics, Food & Beverage, Mining), By Vertical (SCR (Selective Catalytic Reduction) Devices, Thermal Exhaust Gas Cleaning), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034 Hand Tools Market: Hand Tools Market Size, Trends and Insights By Product Type (Hand Tools for Construction, Hand Tools for Automotive, Hand Tools for DIY, Hand Tools for Industrial Applications), By Material (Steel, Aluminum, Plastic, Others), By End User (Professional, DIY Enthusiasts), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034 Pneumatic Equipment Market: Pneumatic Equipment Market Size, Trends and Insights By Equipment Type (Compressors, Actuators, Valves, Cylinders, Pumps, Filters, Air Tools), By End User (Manufacturing, Automotive, Packaging, Food Processing, Construction, Healthcare), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034 Well Intervention Services Market: Well Intervention Services Market Size, Trends and Insights By Service (Sand Control, Zonal Isolation, Remedial Cementing, Stimulation, Tubing / Packer Failure and Repair, Logging And Bottomhole Survey, Others), By Intervention Type (Heavy Intervention, Medium Intervention, Light Intervention), By Application (Offshore, Onshore), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034 Offsite Construction Market: Offsite Construction Market Size, Trends and Insights By Product (Steel, Wood, Concrete, Other), By Type (Fixed, Movable), By Methods (Volumetric Construction, Hybrid Construction, Panelized Construction, Sub-Assemblies, Accessories Systems), By Application (Residential, Commercial, Industrial), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034 Snow Shovel Market: Snow Shovel Market Size, Trends and Insights By Product Type (Manual Snow Shovels, Electric Snow Shovels), By End-User (Residential, Commercial), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 High-Pressure Gas Cylinder Market: High-Pressure Gas Cylinder Market Size, Trends and Insights By Material Type (Steel, Aluminium, Composite), By Gas Type (Inert Gases, Flammable Gases, Toxic Gases, Others), By End-User Industry (Industrial Gas and Storage, Transportation, Healthcare, Firefighting, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034 Centrifugal Air Compressor Market: Centrifugal Air Compressor Market Size, Trends and Insights By Lubrication (Oil-free, Oil Filled), By Application (Manufacturing, Food & Beverage, Semiconductor & Electronics, Healthcare/Medical, Oil & Gas, Home Appliances, Energy, Manufacturer (IDMs), Foundries, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 – 2034 The We have segmented the Lawn Mowers Market as follows: By Product Manual Electric Petrol Robotic Others By Type Ride-on Mowers Push Mowers Robotic Mowers By Propulsion ICE Electric By End-Use Residential Professional Landscaping Services Golf Courses Government Others Click Here to Get a Free Sample Report of the Global Lawn Mowers Market @ Regional Coverage: North America U.S. Canada Mexico Rest of North America Europe Germany France U.K. Russia Italy Spain Netherlands Rest of Europe Asia Pacific China Japan India New Zealand Australia South Korea Taiwan Rest of Asia Pacific The Middle East & Africa Saudi Arabia UAE Egypt Kuwait South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America This lawn mower market research and analysis report contains answers to the following questions: Which Trends Are Causing These Developments? Who Are the Global Key Players in This Lawn Mowers Market? What are the company profiles, product information, and contact details for these key players? What Was the Global Market Status of the Lawn Mowers Market? What Was the Capacity, Production Value, Cost and PROFIT of the Lawn mower Market? What Is the Current Market Status of the Lawn Mowers Industry? What's the market's competition in this industry, both company-wise and country-wise? What's Market Analysis of Lawn Mowers Market by Considering Applications and Types? What Are Projections of the Global Lawn Mowers Industry Considering Capacity, Production and Production Value? What will be the estimated costs and profits? What Will Be Market Share, Supply and Consumption? What about imports and exports? What Is Lawn Mowers Market Chain Analysis by Upstream Raw Materials and Downstream Industry? What Is the Economic Impact On Lawn Mowers Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends? What Are Market Dynamics of Lawn Mowers Market? What Are Challenges and Opportunities? What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Lawn Mowers Industry? Click Here to Access a Free Sample Report of the Global Lawn Mowers Market @ Reasons to Purchase Lawn Mowers Market Report Lawn Mowers Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors. Lawn Mowers Market report outlines market value (USD) data for each segment and sub-segment. This report indicates the region and segment expected to witness the fastest growth and dominate the market. Lawn Mowers Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region. The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled. The report includes extensive company profiles, which consist of company overviews, insights, product benchmarking, and SWOT analysis for the major market players. The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions. Lawn Mowers Market The report includes an in-depth analysis of the market from various perspectives using Porter's five forces analysis, and it also provides an overview of the market through the Value Chain. Reasons for the Research Report The study provides a thorough overview of the global Lawn Mowers market. Compare your performance to that of the market as a whole. Aim to maintain competitiveness while innovations from established leaders drive market growth. Buy this Premium Lawn Mowers Research Report | Fast Delivery Available - [220+ Pages] @ What does the report include? Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Lawn Mowers market analysis. The competitive environment of current and potential participants in the Lawn Mowers market is covered in the report, as well as those companies' strategic product development ambitions. According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions. We have provided actual market sizes and forecasts for each of the aforementioned segments. Who should buy this report? Participants and stakeholders worldwide Lawn Mowers market should find this report useful. The research will be useful to all market participants in the Lawn Mowers industry. Managers in the Lawn Mowers sector are interested in publishing up-to-date and projected data about the worldwide Lawn Mowers market. Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Lawn Mowers products' market trends. Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. Request a Customized Copy of the Lawn Mowers Market Report @ About Custom Market Insights: Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work toward achieving sustainable growth in their respective domains. CMI offers a comprehensive solution, from data collection to investment advice. Our company's expert analysis digs out essential factors that help us understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey. Follow Us: LinkedIn | Twitter | Facebook | YouTube Contact Us: Joel John CMI Consulting LLC 1333, 701 Tillery Street Unit 12, Austin, TX, Travis, US, 78702 USA: +1 737-734-2707 India: +91 20 46022736 Email: support@ Web: Blog: Blog: Blog: Blog: Buy this Premium Lawn Mowers Research Report | Fast Delivery Available - [220+ Pages] @

‘Everyone, Keep Oil Prices Down,' Trump Says Without Context
‘Everyone, Keep Oil Prices Down,' Trump Says Without Context

Forbes

time25 minutes ago

  • Forbes

‘Everyone, Keep Oil Prices Down,' Trump Says Without Context

President Donald Trump issued a warning to keep oil prices down in a cryptic Truth Social post Monday that comes amid fears oil and gas prices could surge if Iran retaliates against U.S. strikes by shutting down the Strait of Hormuz. President Donald Trump returns to the White House prior to a meeting with his National Security ... More Council to discuss the ongoing conflict between Iran and Israel on June 21, 2025 in Washington, DC. (Photo by Craig Hudson For The Washington Post via Getty Images) The Washington Post via Getty Images 'Everyone, keep oil prices down,' Trump said in an all-caps post, writing 'I'm watching! You're playing right into the hands of the enemy. Don't do it!' It's unclear who Trump was referring to, but it's possible he was addressing oil producers. In a subsequent post directed at the Department of Energy, Trump wrote 'DRILL, BABY, DRILL!!! And I mean NOW!!!' The Energy Department does not drill for oil, but manages the Strategic Petroleum Reserve and provides research and policy support related to oil production, among other industry-adjacent functions. Oil prices were flat Monday following the U.S. military's surprise attacks on three Iranian nuclear facilities over the weekend, but analysts warned prices could surge if Iran retaliates by closing the Strait of Hormuz, a key transportation route for oil and gas that links the Persian Gulf to the Arabian Sea. 30%. That's how much oil prices could rise, to up to $110 per barrel, if Iran moves to close the Strait and oil flow declines 50% for at least one month, Goldman Sachs cautioned Monday. Prices for international oil were flat Monday at $77 per barrel by 10 a.m. EDT. Key Background Iran has vowed to respond to the attack, with its Foreign Minister Abbas Araghchi tweeting early Sunday that it 'reserves all options,' calling the attack 'outrageous' and vowing that it would 'have everlasting consequences.' Iranian parliament has approved a plan to potentially shut down the Strait, Iranian state media reported after the U.S. attacks Saturday. A quarter of global oil and 20% of liquefied natural gas is transported through the 90-mile waterway, according to The New York Times, which notes most of the oil that passes through the Strait goes to Asia. Iran would likely shut down the Strait by lacing it with mines, requiring the U.S. military to engage in a potentially dangerous demining operation, The Times notes. Rising Oil Prices Could Spike Another 30% If Iran Blocks Strait Of Hormuz, Goldman Warns (Forbes) U.S. Strikes Iran: 'Suspicious Package' Halts Miami Metro As U.S. Cities On Alert (Forbes) Trump's Strike On Iran Draws Criticism From Democrats—World Leaders Call For De-escalation (Forbes)

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