Sen. Elizabeth Warren (D-Mass) on Sunday delivered sharp criticism of President Donald Trump, alleging that excess gas costs at the pump across America were skyrocketing amid the war with Iran.
Oil Executives Amassing Wealth Amid Excess Costs
In a post on X, Warren said that Americans were paying $800 million in excess costs at the pump every day “thanks to Trump’s Iran war.” She then accused oil companies of profiting from the war in Iran. “Guess who’s getting richer?” she asked, before sharing the purported gain in wealth of oil executives.
She then pointed towards a Wall Street Journal investigation published in early April, which outlined that Chevron Corp. (NYSE:CVX) CEO Mike Wirth made over $104 million since the Iran war, with ConocoPhillips (NYSE:COP) CEO Ryan Lance gaining over $54 million and Baker Hughes Co. (NASDAQ:BKR) CEO Lorenzo Simonelli netting $33 million in stock trading.
The investigation pointed towards Energy executives selling stocks worth $1.4 billion since the war began. “The same Big Oil executives Trump promised to deliver for on day one,” she said in the post.
Iran Deal Not Finalized
Meanwhile, Trump recently said in an interview that a deal with Iran was still further away, cautioning against rushing into any agreements with Iran. Trump also pointed towards possible military action in the interview if Washington and Tehran failed to reach an agreement.
Notably, the U.S. had conducted strikes on Iranian missile sites and boats last week, with the Islamic Revolutionary Guard Corps (IRGC) saying it downed a U.S. drone entering its airspace and fended off an F-35 fighter jet in response.
Sen. Catherine Cortez Masto (D-NV), on the other hand, criticized Trump as the President’s “war of choice” in Iran continued to cause strain on fuel prices at home, as well as sectors like aviation, she said.
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