President Trump Sends Warning To Oil Companies Raising Prices: “I’m Watching”

[Conservative Angle]

​

President Trump issued a sharp warning to oil companies looking to raise gas prices in the midst of the Israel-Iran conflict.

In a post on Truth Social, Trump told oil companies to keep gas prices down.

He later warned in the post, “I’m Watching!”

Take a look:

JUST IN – US President Trump: "Everyone, keep oil prices down. I'm watching.." pic.twitter.com/VOizpgHNSJ

— Insider Paper (@TheInsiderPaper) June 23, 2025

In a separate post, he told the Department of Energy to “Drill, Baby Drill.”

CNBC had more details to report:

President Donald Trump on Monday demanded that “everyone” needs to “keep oil prices down” or they would play “into the hands of the enemy.”

“EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING! YOU’RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON’T DO IT!,” the president said in a post on his social media platform Truth Social.

Trump’s message comes after his decision to bomb Iran’s key nuclear sites over the weekend has put the world on edge that the Islamic Republic might target energy supplies in the Middle East.

It wasn’t clear who specifically Trump was speaking to in his post, though he was likely addressing the U.S. oil industry. Some oil companies had warned earlier in the year that they might have to cut production after prices tumbled to multiyear lows on Trump’s tariffs and OPEC+ boosting supply.

“To The Department of Energy: DRILL, BABY, DRILL!!! And I mean NOW!!!,” Trump said in a subsequent post on Monday.

DRILL, BABY, DRILL!!! pic.twitter.com/bPRrGyNxBG

— Trump War Room (@TrumpWarRoom) June 23, 2025

AP reported the current status of Oil futures:

The United States’ bunker-busting entry into Israel’s war with Iran is having only a modest effect on the price of oil and stock markets worldwide Monday, at least for now. The hope is that Iran won’t retaliate in a way that disrupts the global flow of crude, which would hurt economies worldwide but also its own.

The S&P 500 was edging down by 0.1% in early trading, coming off a week where stock prices had jumped up and down on worries about the conflict potentially escalating. The Dow Jones Industrial Average was down 37 points, or 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.4% lower.

The price of oil did jump 4% shortly after trading began on Sunday night, but it quickly pared back as the focus shifted from what the U.S. military did to how Iran would react.

By Monday morning, the price of a benchmark barrel of U.S. oil was up 0.4% at $74.16 after briefly dipping to a loss. Brent crude, the international standard, edged up by 0.2% to $77.17 per barrel. They still remain higher than they were before the fighting began a little more than a week ago, when a barrel of benchmark U.S. crude was close to $68.

What’s your view on that?

The post <a href=https://wltreport.com/2025/06/23/president-trump-sends-warning-oil-companies-raising-prices/#utm_source=rss&utm_medium=rss&utm_campaign=president-trump-sends-warning-oil-companies-raising-prices target=_blank >President Trump Sends Warning To Oil Companies Raising Prices: “I’m Watching”</a> appeared first on Conservative Angle | Conservative Angle - Conservative News Clearing House

Continue reading...