EnergyReader · 2026-08-06 01:37

Trump Attacks Oil War Profits as European Majors Bank Wartime Trading Gains

By EnergyReader Newsroom · August 6, 2026

US President Trump publicly attacked oil companies for "making too much money" from the Iran war on Tuesday (2026-08-04), ordering retailers to lower fuel prices, even as Saudi Aramco reported second-quarter net income of $33.4 billion, up 33% year-on-year, with the state producer having realized an average $108.10 per barrel during a quarter when the conflict drove crude sharply higher.

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ICE Brent crude futures, front-month → OPEC reference basket → Strait of Hormuz oil/LNG transit flows → China crude oil imports →

Connected coverage Stories linked to Brent through the market graph: same hub, spread, route or driver.

Rate Hikes Built on an $80 Brent Assumption Face an Oil Market at $103 2h ago · Brent same market Asian Refiners and Speculative Longs Drove August's Crude Rally as Brent Extends Past $103 3h ago · Brent same market Eneos and Idemitsu Pay $38 Premiums for Oman Crude as Saudi Pipeline Stays Shut 7h ago · Dubai Crude shared: Saudi Crude Production … WTI Crude Twice Sold Peace Deals That Repriced Higher Each Time 6h ago · WTI via Global Crude Balance Dubai crude's $13 premium to Brent signals Asian buyers are not pricing in a Q4 Hormuz resolution 1d ago · Dubai Crude shared: Saudi Crude Production … U.S. SPR Falls to Lowest on EIA Records While Cushing Crude Stocks Test Operational Floor 16h ago · WTI via Global Crude Balance

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