US president hits out at ExxonMobil and Chevron, saying they should ‘give some of that back to the public’
Donald Trump has criticised oil companies for “making too much money” from the global energy market disruption caused by his war on Iran.
Brent crude had been trading at about $70 (£52) a barrel before the first US-Israeli strikes at the end of February, but by the end of April it had soared as high as $126 and is now trading at about $85 a barrel.
The US president took aim at the windfall profits revealed last week by ExxonMobil and Chevron, and said the companies would “give some of that back to the public”.
Let them fight.
This isn’t a fight, it’s a shakedown. This is Trump letting them know he’s expecting a kickback. Once they provide an appropriately sized bribe to him this will all magically go away.
And/or a distraction. “The prices are high because they’re choosing to increase it, it has nothing to do with my war”