Business · 24 June 2026

Trump orders probe into slow petrol price drops

White House via Wikimedia Commons (CC BY-SA 4.0)

Donald Trump, the US President, has accused major energy companies of failing to pass lower oil costs on to consumers, arguing that petrol prices remain too high despite a sharp fall in wholesale crude prices. He has instructed the United States Department of Justice to launch an immediate investigation into the industry. The move comes after Brent crude, the global benchmark for oil prices, fell from nearly $120 a barrel to below $76 a barrel.

By BriefTea Editorial · 24 June 2026 at 13:44

Reported by BBC · How we write briefs