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US President Donald Trump has launched a blistering attack on America's biggest oil companies, accusing them of making enormous profits while ordinary consumers struggle with soaring fuel prices during the ongoing Iran conflict. Speaking as oil markets remain volatile, Trump singled out energy giants ExxonMobil and Chevron, claiming they are "making too much money" from the crisis. The President urged the companies to "give some of it back" by lowering fuel prices, insisting that American families should not bear the burden of war-driven energy costs. Trump also warned that he does not approve of companies benefiting from geopolitical turmoil, demanding that major oil producers reduce prices at the pump instead of enjoying record profits fueled by global supply disruptions. His remarks come as fuel prices continue to dominate political debate ahead of the US midterm elections, with inflation and energy costs remaining major voter concerns. WATCH

Updated 19 days ago

Fuel prices are back in the political spotlight as the Congress party launches a sharp attack on the Modi government over the latest petrol and diesel price hike. Calling PM Narendra Modi “Mehngai Man”, Congress leaders including Mallikarjun Kharge, Rahul Gandhi and K C Venugopal accused the Centre of pushing the burden of economic pressure onto ordinary citizens right after elections. The opposition has alleged that while global crude oil prices saw periods of decline, the government failed to provide relief to the public and instead increased fuel costs once polling concluded. Kharge described the situation as a “Modi-made crisis”, linking rising inflation, expensive fuel and growing pressure on middle-class and poor families to the Centre’s economic policies.

Updated 3 months ago

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