President Donald Trump on Monday criticized major U.S. oil companies for making excessive profits from high prices driven by the Iran war, and pressed them to lower gasoline prices. He said he was not happy with the situation, according to reports.
His remarks came as Iran disputed Trump's claim that it was re-entering negotiations with the United States. The dispute follows Trump's decision to call off an apparent powerful military attack on Iran, which had raised expectations of imminent U.S. action.
The comments highlight a growing political vulnerability for Trump ahead of midterm elections, as high gasoline prices weigh on American consumers. Oil giants Exxon and Chevron have reported their biggest profits in years, yet U.S. gasoline prices remain elevated.
Meanwhile, lawmakers are growing frustrated by the lack of information about the conflict with Iran, adding to the confusion over the administration's strategy and the status of any potential talks.