Donald Trump says oil execs have made too much money since blockade of Hormuz Strait

As a consequence of the Iran war and the blockade of the Strait of Hormuz, oil prices have soared. The profits of the industry's biggest companies have also skyrocketed, and US President Donald Trump believes they're making far too much money. He's calling on them to lower prices. With the midterm elections just three

President Donald Trump said ExxonMobil and Chevron "made too much money" over the Iran war, which netted the companies a combined $26.5 billion.

US President Donald Trump speaks before signing an executive order in the Oval Office of the White House in Washington, DC on August 3, 2026.Jim Watson | Afp | Getty ImagesPresident Donald Trump said Monday that ExxonMobil and Chevron made too much money as crude oil prices rose due to the Iran war. "They're making too