Trump demands Exxon and Chevron cut gas prices as the Iran war drives soaring profits

The Strait of Hormuz disruption has been described by the International Energy Agency as the largest supply disruption in the history of the global oil market

Advanced Micro-Fabrication Equipment China (AMEC), the country’s top chip-tool maker, says its preliminary profit will nearly quadruple in the first half of the year as robust demand for home-grown semiconductors continues amid US sanctions. Based on unaudited figures, the company said its income between January and Ju

Trump lashes out at Chevron and Exxon's soaring profits during Iran war  thenationalnews.com

WASHINGTON (Reuters) -- US President Donald ‌Trump accused ExxonMobil and Chevron Monday of making "too much money" off higher fuel prices and said the oil giants should "give some of that back to the public," a notable break from his usual alliance with the industry. "I don't like it," Trump told reporters Monday, thr

Low-income US households are hit hardest, spending more than 10 percent of monthly income on petrol as prices rise.

President Donald Trump scolded ExxonMobil Holdings Corp. and Chevron Corp. for their soaring profits, as oil prices surged amid the war in Iran he launched in February alongside Israel.