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Trump says Big Oil is making ‘too much money,’ insists they ‘better cut’ prices
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Straight Arrow News
The profit surge comes as the conflict with Iran continues to disrupt global oil markets and shipping through the Strait of Hormuz.
The record profits come as oil and gasoline prices have climbed since the U.S. attacks on Iran in late February disrupted global energy markets.
Oil prices have fluctuated throughout the conflict, at times topping $100 a barrel.
Anna Moneymaker/Getty ImagesAnalysts said fully reopening the Strait of Hormuz would restore oil shipments and help ease pressure on global energy supplies.
Political falloutEnergy analysts said Trump’s criticism reflects growing political pressure as higher gasoline prices become a top concern for voters ahead of the midterms.