President Trump announces Iran negotiations while criticizing oil companies for high retail gas prices at $4.09 per gallon.
President Trump stated that Iran requested talks to resolve ongoing conflict, calling it the “last chance” to keep the Strait open. He emphasized denuclearization as a priority but acknowledged it would take time to achieve stability.
Crude oil prices traded at $79.80, down $5.04 or 5.86%, while the average retail gas price stood at $4.09 per gallon. Trump criticized oil companies for excessive profits and urged them to reduce prices.
The remarks follow repeated geopolitical tensions in the region, with Gulf nations reportedly seeking a final diplomatic resolution before further escalation.