# Donald Trump says oil executives have profited too much since Hormuz blockade

https://mins.news/en/item/13953

- France 24, 2026-08-05 09:05 UTC
- Politics
- Original: https://www.france24.com/en/donald-trump-says-oil-execs-have-made-too-much-money-since-blockade-of-hormuz-strait

> 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.

## Stories

- [Iran US War and Gulf Escalation](https://mins.news/en/topic/iran-us-war-and-gulf-escalation) — Markdown: https://mins.news/en/topic/iran-us-war-and-gulf-escalation.md

## Related coverage

- [Oil extends gains after Iran strikes targets in Strait of Hormuz](https://mins.news/en/item/15620) — Bloomberg News, 2026-08-06
- [Trump says oil executives have made too much money since Hormuz blockade](https://mins.news/en/video/13903) — France 24 English, 2026-08-05
- [Why are oil companies posting record profits amid Iran war disruption?](https://mins.news/en/item/12881) — Al Jazeera, 2026-08-04