US President Donald Trump has ordered oil companies to immediately lower petrol prices after crude oil futures plunged following his decision to suspend another planned military strike on Iran.
Trump made the demand on Monday in a post on his Truth Social platform, directing oil producers to reduce prices for consumers. “Get your consumer (retail) oil prices DOWN, NOW!” Trump wrote.
According to Oilprice.com, crude prices dropped to $83.62 on Monday. They had earlier jumped to $100 at the height of the renewed crisis between Iran and the United States.
On Monday, Trump singled out Chevron Chief Executive Officer Mike Wirth after the executive appeared on television discussing the company’s business. Trump accused Wirth of failing to acknowledge the administration’s role in restoring Chevron’s position in Venezuela.
“They threw Mike and Chevron out of Venezuela, but now they’re back, far bigger and stronger than ever before, expecting to make a
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