PoliticsDonald Trump says oil executives have profited too much since Hormuz blockade

Oil prices have surged as a result of the Iran war and the blockade of the Strait of Hormuz. The largest companies in the oil industry have seen their profits rise sharply as well. US President Donald Trump says they are earning far too much and is urging them to bring prices down. With the midterm elections only three months away, he may be worried that anger among Americans is growing.

Donald TrumpStrait of Hormuzoil pricesoil profits

FFrance 24★★★☆☆2026-08-05 09:05Original