Oil Firms in Crosshairs as Trump Cries Foul, Hormuz Crisis Behind Trump's Oil Industry Ire
Edited By WION Video Desk
Published: Jun 24, 2026, 22:42 IST | Updated: Jun 24, 2026, 22:42 IST
U.S. President Donald Trump has turned his attention to the oil industry, backing a Justice Department probe into oil market practices amid ongoing volatility linked to the Strait of Hormuz crisis. Critics argue the investigation is more political than antitrust-driven, while supporters say it could expose market manipulation and help ease pressure on consumers.
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