Trump instructs DOJ to probe oil companies over higher gasoline prices

U.S. President Donald Trump said on Wednesday ​that he has instructed ‌the Department of Justice to look into oil companies ​for not lowering pump ​prices in line with falling ⁠crude costs.

Reuters • Jun 24, 2026

Oil extends decline as Trump accuses oil firms of 'gouging' consumers

Oil prices fell as concerns over disruptions to shipping through the Strait of Hormuz eased. Trump urged a DOJ probe into fuel prices, accusing oil companies of gouging consumers.

CNBC • a day ago

Oil prices erase wartime gains as supply concerns ease with Hormuz tanker traffic resuming

Oil prices fell on Thursday, with Brent and WTI crude erasing wartime gains. Investors bet global crude supplies would improve after tankers that had been stranded in the Persian Gulf for months began leaving the Strait of Hormuz.

CNBC • 2 hours ago

S&P Global's Dan Yergin: $70-$85 seems like a reasonable range for oil prices

Dan Yergin, S&P Global vice chairman, joins 'Squawk Box' to discuss the state of crude prices, gasoline price trends, impact of the Iran war, and more.

CNBC Television • 17 hours ago

Oil prices fall as tankers exit Strait of Hormuz

Oil prices extended their decline on Thursday, edging closer to pre-war levels as stranded tankers exited the Strait of Hormuz following an initial accord to ​end the U.S.-Israeli war with Iran, easing supply concerns.

Reuters • 3 hours ago

US oil prices briefly fall below $70 even as stocks dwindle at storage hub

Revived tanker movement through the Strait of Hormuz pushed U.S. crude prices below $70 a barrel briefly on Wednesday even though inventories ​at the country's crude storage hub in Cushing, Oklahoma have dropped to their lowest in 12 years.

Reuters • 6 hours ago

Oil markets start to signal near-term oversupply as tankers exit Strait of Hormuz

Prices of Brent crude oil for second-month delivery traded higher on Wednesday than prices for prompt delivery ​for the first time since the Iran war started in ‌late February, signaling increased near-term supply.

Reuters • 10 hours ago

US oil executives see slight output growth, future outlook uncertain, survey says

U.S. oil executives expect domestic oil production to increase slightly at current prices but said geopolitical uncertainties and regulatory issues cloud their outlook ​for long-term planning, according to a Dallas Fed survey.

Reuters • 12 hours ago

US CFOs in survey say firms mostly absorbed oil price shock

The U.S.-backed war against Iran touched off fears of stagflation last spring, but most company finance chiefs in a recent ​Federal Reserve survey said the resulting spike in energy costs prompted only small price hikes of their own and had little impact on their firm's demand.

Reuters • 17 hours ago

Amid 2026 Energy Chaos, Oil And Gas Giants Prosper

What a frustrating time to be a giant oil and gas company. Somehow, despite President Donald Trump's war against Iran bringing about the greatest oil supply shock of all time, trapping 10% of global supply behind the Strait of Hormuz, oil prices topped out at only $111 per barrel in early April.

Forbes • 18 hours ago