Trump’s accounts sold $500K–$1M of Exxon stock on April 7, the day he announced an Iran ceasefire and before Exxon opened 6.5% lower. The White House says independent third parties manage the portfolio. #Exxon#Oil#Trump
President Trump urged U.S. oil companies to cut gasoline prices after crude fell more than 6% on renewed Iran diplomacy. The call comes days after Exxon, Chevron and major refiners posted soaring Q2 profits, even as pump prices remain above $3.29/gallon. #Oil#Gasoline#Trump
Oil markets are cooling slightly as Brent crude stabilises just above $100/barrel after signs of progress in U.S.-Iran peace talks.
Meanwhile, U.S. fuel exports to Europe and Asia have surged to record highs following the Hormuz disruption — generating an estimated $60+ billion windfall for American oil producers this year.
But there’s a political cost: U.S. gasoline prices have jumped nearly 50% in just two months, with the national average now at $4.53/gallon. Analysts warn that if prices hit $5, pressure could mount on Trump to restrict fuel exports despite strong global demand.
At the same time, U.S. oil and diesel inventories continue to fall sharply.
