Trump calls on oil companies to lower gasoline prices

President Trump publicly pressured oil companies to cut gasoline prices, framing high pump prices as a political issue ahead of the November midterm elections. The article highlights that his comments were aimed in part at Chevron and its CEO, while also signaling broader pressure on the industry. Oil benchmarks fell sharply after Trump canceled a planned Iran attack over the weekend, but the story notes that gasoline prices do not always move in lockstep with crude. Strong recent earnings from Chevron, Valero, Marathon Petroleum and Exxon Mobil show refiners and producers still benefiting from elevated crude and refining margins, despite the political rhetoric. For the oil complex, the immediate market impact is mainly sentiment-driven, reinforcing volatility in crude and refining names and keeping attention on geopolitics, policy risk, and consumer fuel prices.