Aug. 3 at 7:26 PM
“Chevron, too much money. ExxonMobil, too much money,” Trump said. “They’re going to give some of that back to the public and they better cut the retail price, the consumer price.”
U.S. crude oil prices have gained about 20% since the U.S. and Israel attacked Iran on Feb. 28. Tehran has retaliated by trying to choke oil exports through the Strait of Hormuz, triggering the largest supply disruption in history.
U.S. crude had an average closing price of around
$92 per barrel from April through June, about 27% higher than the first quarter.
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