Trump said his administration had created opportunities for oil companies, including reopening Venezuela as a market. He extended the message to the broader industry, calling on oil companies to immediately lower retail fuel prices. While describing himself as a "free enterprise guy," Trump said the industry was earning excessive profits as gasoline prices climbed following the war in Iran. Advertisement AdvertisementAdvertisement AdvertisementGlobal crude prices fell after Trump called off a planned military strike on Iran over the weekend, although retail gasoline prices do not always move in lockstep with oil prices. Related articlesTrump targets Chevron, Exxon over profits, demands lower gasoline pricesThese 2 stocks are best positioned to benefit from higher uranium prices: analystNvidia's new Alpamayo project: What it means for Tesla?