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Commodities

Trump Slams Big Oil, Markets Soar Amid Iran Tensions

Guavy AI Editorial Team
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Oil
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US markets are poised to open higher today as Dow Jones Industrial Average and Nasdaq futures saw significant gains. The S&P 500 futures also rose, but at a slower pace.

Oil prices took a hit after President Donald Trump criticized oil companies for making excessive profits during the Iran conflict. Trump stated that 'they made too much money' and called on them to cut retail prices.

The Treasury Secretary Scott Bessent's comments also contributed to the decline in oil prices, as he revealed that talks with Iran may lead to a deal to reopen the Strait of Hormuz.

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