Trump says oil companies making 'too much money' from Iran shortage

Middle East Eye · August 3, 2026 Sanctions

Trump says oil companies making 'too much money' from Iran shortage US President Donald Trump criticized major oil companies including Chevron and Exxon Mobil for making "too much money" due to the high prices as a result of the crude shortage caused by the Iran war, and called on the industry to help keep fuel prices down. "I don't like it. They're making too much money, okay?