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The Economic Times

Global Business / The Economic Times

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Trump gets trapped between 'rockets and feathers', squirms for exit

US President Donald Trump has ordered a Justice Department investigation into major oil companies, accusing them of keeping gasoline prices artificially high despite a recent fall in crude oil prices. The move reflects frustration that fuel prices have not dropped as quickly as he had promised after tensions with Iran eased and tanker traffic resumed through the Strait of Hormuz.

24 Jun 2026 8:41 pm