World · 4 August 2026

Donald Trump tells major oil firms to lower fuel costs

ExxonMobil and Chevron pulled in profits exceeding £20bn over three months as energy markets reacted to the US-Israeli conflict with Iran. Major energy firms need to return money to citizens and reduce fuel costs, Donald Trump announced during a Monday evening press conference at the White House. The US justice department was additionally directed by Trump to investigate possible retail price manipulation.

By BriefTea Editorial · 4 August 2026 at 13:46

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