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Donald Trump Criticizes Oil Giants for Making 'Too Much Money' from Iran War Profits

President Trump criticized major oil companies for generating significant windfall profits from the global energy market disruption caused by his war on Iran. During a press briefing in the Oval Office, President Trump stated that companies like ExxonMobil and Chevron have made "too much money" and urged them to lower retail prices for consumers. The administration announced that the conflict has caused a substantial supply disruption in the Strait of Hormuz, leading to a 20% increase in crude oil prices since the start of the war. While oil majors reported record-breaking quarterly earnings, the administration noted that gasoline prices have risen nearly 40% since the conflict began. President Trump expressed dissatisfaction with the corporate profits, stating that the companies should give some of those gains back to the public. Despite the high profits, the administration noted that the oil industry remains a key driver of the economy, and President Trump emphasized that the energy giants should be more responsive to the consumer's needs.

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