Donald Trump instructs the Department of Justice to open a DOJ probe of major oil companies for failing to lower pump prices after crude plunged following the US‑Iran cease‑fire.Brent crude and West Texas Intermediate have fallen from March peaks as a 60‑day memorandum of understanding reopened the Strait of Hormuz, yet national gasoline averages remain about $3.91 a gallon, roughly $1.14 above January levels.Energy analysts and the
Federal Reserve say taxes, refining margins, distribution lags and Strategic Petroleum Reserve drawdowns slow price transmission, while the directive increases political pressure ahead of midterm elections and the DOJ has not set a timeline.