Trump slams Chevron CEO, demands immediate reduction in US fuel prices
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x whatsapp-stroke copylink google Add Al Jazeera on Google info US President Donald Trump speaks to reporters on board Air Force One while returning to the White House, August 2, 2026 [AP Photo/Jacquelyn Martin] By Al Jazeera Staff Published On 3 Aug 2026 3 Aug 2026 United States President Donald Trump has again demanded that oil companies lower gasoline or petrol prices for American consumers, slamming Chevron for not crediting his administration’s work to assist the oil industry as oil prices continue to rise.
Adding to this, Petrol prices have surged since the February 28 start of the US-Israel war on Iran . Trump’s demand for lower prices in the US comes as he faces criticism for launching the war on Iran and for its impact on costs for millions of Americans – and as November’s midterm US elections draw closer.
Meanwhile, Oil prices dropped five percent on Monday, as Trump told reporters a deal with Iran is imminent and new negotiations are set to start.
Notably, Brent crude, the main international benchmark, stood at $82.91 per barrel as of 11:59am GMT on Monday, down five percent from a day earlier and down nearly 18 percent from last month’s peak of $101.
As per the latest buzz, On Monday, Trump criticised Mike Wirth, the chairman and CEO of the multinational oil and gas company Chevron, for not crediting his administration for Chevron’s current performance. He went on to say that Chevron and other oil companies should immediately lower prices, which he has done previously .
In further updates, “The only thing [Wirth] conveniently forgot to mention is that, without the genius, foresight, strength, and stability of the TRUMP Administration, the Oil Industry, and our Country itself, would be DEAD! As an example, they threw Mike and Chevron out of Venezuela, but now they’re back, far bigger and stronger than ever before, expecting to make a fortune!”
On top of that, “That goes for other Oil Companies as well… and get your consumer (retail!) Oil Prices DOWN, NOW!”
The president has repeatedly shared that fuel prices would “come down like a rock” after the conflict with Iran ends, but economists have disputed Trump’s assertions and predict longer-term economic repercussions due to the war.
Source: Al Jazeera