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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose

Trump accuses oil companies of ‘making too much money’ from his war on Iran

Donald Trump Oil Chevron ExxonMobil Iran United States Exxon British Petroleum
Donald Trump speaks during a cabinet meeting
Donald Trump took aim at oil company profits weeks after telling energy retailers to cut their prices. Photograph: Jacquelyn Martin/AP

Donald Trump has criticised oil companies for “making too much money” from the global energy market disruption caused by his war on Iran.

Brent crude had been trading at about $70 (£52) a barrel before the first US-Israeli strikes at the end of February, but by the end of April it had soared as high as $126 and is now trading at about $85 a barrel.

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