US examines petrol price hikes, Trump states
President Donald Trump announced an investigation into major energy companies, accusing them of "gouging" consumers by not lowering petrol prices in line with declining crude oil costs. He directed the Department of Justice to examine the issue, citing a discrepancy between falling oil prices and stagnant fuel prices at the pump. This follows recent fluctuations in global oil markets caused by US and Israeli actions against Iran, leading to higher energy costs.
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