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Trump criticized ExxonMobil and Chevron for 'too much' profit from Iran war-driven oil prices, demanding they lower fuel costs. Both stocks dipped ~2% as oil prices fell 5% on easing Iran tensions, t…
Trump publicly criticized ExxonMobil and Chevron for excessive profits from high oil prices tied to the Iran war, pressuring them politically. Shares dipped despite blowout Q2 earnings, while oil pri…
US Strategic Petroleum Reserve hits lowest level since 1983 after Trump's 182M barrel release amid Iran war. Oil prices surge as negotiations stall, with WTI and Brent crude jumping over 5% Monday.
Phillips 66 becomes third-largest Venezuelan crude buyer via Jones Act waivers as Trump pressures Exxon and Chevron over high profits amid Iran war-driven oil price surges.
Trump pressures Fed to cut rates, but his tariffs and the Iran war-driven Strait of Hormuz closure have pushed inflation to 4.2%, forcing the FOMC toward possible rate hikes that threaten AI-fueled s…
Fed Chair Warsh dismissed June's inflation cooldown as insufficient, citing persistent core PCE inflation above 2% target. His hawkish stance keeps rate hike risks alive, threatening debt-financed AI…