Oil companies are making a fortune from the US-Iran war. That’s a problem for Trump | CNN Business

“They’re making too much money,” President Donald Trump said in the Oval Office on Monday. Oil companies — and their colossal profits — were the latest target of his ire. “I don’t like it. And I should be the last one to say because I’m a big free enterprise guy,” Trump told reporters. A tumble in energy prices is exactly what Trump needs three months ahead of midterm elections that current polling shows could bring big gains for Democrats in Congress. His war against Iran has sent global oil prices skyward, rippling out into higher costs for American consumers. But high prices are a boon for oil exporters. On Tuesday, Saudi Aramco — the world’s largest — reported a 33% surge in profit during the second quarter to $33.4 billion from $25.2 billion during the same period last year. Meanwhile, Americans continue to grapple with an affordability crisis that has seen the average price of a gallon of gas shoot up 37% since the start of the war. It’s tricky optics for a president who, with an eye to November, is in desperate search of a political win. “Too much money… I’ll say it loud and clear. I’m not happy about it,” he told reporters Monday. Aramco