House Speaker Mike Johnson stated that the United States is in the process of winding down the conflict with Iran. He noted that the ongoing situation has kept gas prices elevated because the Strait of Hormuz is not yet fully and safely open for commercial traffic. Johnson also pointed to continued effects in the Red Sea as another factor weighing on energy costs. He emphasized that resolving the disruptions in the Strait of Hormuz would have a direct positive impact on fuel prices.

Johnson further explained that lower transport costs through the strait would help reduce grocery prices by easing the expense of moving goods to market. His comments frame the remaining shipping constraints as a key reason everyday costs remain under pressure even as the broader conflict eases. The remarks leave open questions about the timeline for fully restoring safe passage and how quickly any relief might reach consumers. For now the Speaker is presenting the situation as one that is improving while acknowledging that critical maritime routes still require resolution.