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Trump calls for probe into oil firms over gas prices
U.S. President Donald Trump ordered the Department of Justice to investigate oil companies over their failure to lower gasoline prices in proportion to the decline in global oil prices, despite them falling significantly. This comes after an understanding between the United States and Iran regarding navigation through the Strait of Hormuz, which led to a roughly 1% drop in oil prices and caused Brent and West Texas crude to fall to their lowest levels since March, amid ongoing concerns about potential disruptions to oil supplies in the region.
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