Trump Directs DOJ to Investigate Oil Companies Over Retail Price Failure in 24-Hour Policy Push

According to BlockBeats, on June 24, President Trump instructed the U.S. Department of Justice to investigate major oil companies, accusing them of failing to pass crude oil price declines to retail pump prices. Trump stated consumers are being "ripped off" amid the pricing disparity.

Trump also advanced efforts to negotiate a nuclear accord with Iran, stating the U.S. is pursuing a "fair deal" to end Strait of Hormuz tensions. He said Iran has agreed to accept permanent international inspections by the International Atomic Energy Agency and reiterated that "Iran cannot have nuclear weapons." Trump dismissed Iranian denials of inspection arrangements, calling the statements "wrong" and assuring inspectors will enter Iran when appropriate.