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

A dramatic escalation in Gulf tensions has unfolded after a suspected Iran-linked drone strike set a Kuwaiti-flagged oil tanker Al-Salmi ablaze near Dubai’s anchorage. The vessel, fully loaded with crude, caught fire following a direct hit, triggering a massive emergency response from maritime authorities. Firefighting teams were quickly deployed to contain the blaze, while early reports confirm that all 24 crew members are safe with no injuries. However, the situation remains critical as damage assessment begins and concerns grow over a potential oil spill in one of the world’s busiest energy corridors. The incident comes amid a wider pattern of escalating drone and missile activity targeting commercial shipping across the Gulf. Reports of projectiles near Saudi Arabia’s Ras Tanura and rising threats around the Strait of Hormuz are adding to fears of a broader disruption to global oil supply chains.