Trump says he aims to suspend gas tax "for a period of time"

Key Points:

• President Trump announced plans to suspend the federal gas tax temporarily to help alleviate soaring gas prices, which have increased over 50% since the Iran war began, though such a suspension requires Congressional approval and could cost the government about half a billion dollars weekly.
• The federal gas tax funds the Highway Trust Fund for road construction and transit projects, and while some Democratic lawmakers have proposed legislation to pause or reduce the tax, the suspension is not yet enacted.
• Trump rejected calls for a bailout of U.S. airlines despite rising jet fuel costs, stating that the airlines are "doing not badly," even as budget carrier Spirit Airlines recently shut down due to fuel price pressures.
• Trump criticized Israeli Prime Minister Netanyahu's claim about lacking foresight on Iran's blockade of the Strait of Hormuz, asserting he anticipated the closure and hinted at potentially restarting or escalating military operations to ensure safe passage.
• Regarding Iran's recent peace proposal, Trump called it "totally unacceptable" and "stupid," indicating that while Iran made some concessions on its nuclear program, they were insufficient.