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Trump to host oil executives after accusing refiners of gouging consumers

Source: reuters.com

Energy Markets & PricesGeopolitics & WarRegulation & LegislationCorporate EarningsFiscal Policy & Budget
Trump to host oil executives after accusing refiners of gouging consumers

Trump alleged U.S. oil refiners are “gouging” Americans as gasoline prices rose amid the ongoing Iran conflict, and he called for a Justice Department investigation. He urged refiners to use “bumper earnings” to reduce gasoline prices, raising near-term regulatory and political risk for the sector.

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