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Trump Demands Oil Companies Cut Gas Prices Now
Trump said 2026 gasoline prices are too high, citing a national average of $4.10 a gallon and blaming oil companies for passing on war costs.
- On Monday, August 3, 2026, crude oil prices fell 4–6% after President Donald Trump signaled renewed talks with Iran, raising hopes for a diplomatic resolution to the five-month conflict.
- Trump called off planned military strikes against Iran after regional leaders suggested a deal was close, seeking to reopen the Strait of Hormuz and resolve the standoff over Tehran's nuclear capabilities.
- Japan's Ministry of Finance and the U.S. Treasury confirmed coordinated yen-buying intervention on Monday, stabilizing the currency after it hit 40-year lows of 163.99 per U.S. dollar.
- OPEC+ members, including Saudi Arabia and Russia, approved a production quota increase of roughly 188,000 barrels per day starting in September, completing a phased rollback of voluntary cuts.
- Energy markets remain volatile as geopolitical tensions persist; long-term stability depends on whether diplomatic efforts hold and whether the Strait of Hormuz reopens for sustained shipping.
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199 Articles
199 Articles
(Washington = Yonhap News) Correspondent Hong Jeong-gyu = On the 3rd (local time), U.S. President Donald Trump [regarding] oil companies that made massive profits from the surge in international oil prices due to the war with Iran...
·Seoul, Korea (the Republic of)
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High gasoline prices are a crucial political issue for the Republican before the mid-term legislative elections in November
·São Paulo, Brazil
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“They’re making too much money from a shortage,” Trump told reporters in the White House. Both oil companies won more than $12 billion in the second quarter.
·Las Condes, Chile
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High gasoline prices are a key political issue for Trump before the mid-term legislative elections in November.
Coverage Details
Total News Sources199
Leaning Left24Leaning Right40Center48Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 21%
C 43%
R 36%
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