Trump mandates DOJ probe on fuel costs

U.S. President Donald Trump has ordered the Department of Justice to investigate the reason behind why gasoline prices are not decreasing at the expected rate, despite a sharp drop in oil costs. Prices had reached their highest levels since 2022 following military strikes and the closure of the Strait of Hormuz, but they have gradually begun to decline as shipping resumed, amid concerns over the impact of low stock levels on the market. The rising fuel prices serve as a political pressure point in the upcoming midterm elections, with oil reserves remaining at their lowest levels since 2014.

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