Uploaded August 2026 | Updated September 2026, 2 weeks ago
Donald Trump is taking aim at America’s biggest oil companies, accusing them of making ‘too much money’ as the Iran war drives energy prices higher.
Oil giants have reported astronomical profits for the last quarter, with the world’s big five oil giants making $48 billion in just three months.
Just months ago, Trump was happy that the Iran war was pushing up energy prices saying on X ‘when oil prices go up, we make a lot of money’.
But higher prices are now hitting American drivers at the pump, prompting the US President to change his tune.
Environmental groups are calling for a windfall tax on oil companies, arguing that the additional revenue could be returned to consumers.
With the Iran war continuing and fuel costs squeezing household budgets, rising gas prices could be a potential political issue for Trump and his Republican party ahead of November’s midterm elections.
Joining Enda Brady for this discussion:
Vicky Pryce
Economist
Malcolm Grimston
Honorary Senior Research Fellow at Imperial College London
Matthew Agarwala
Economist and Bennett Chair of Sustainable Finance
Tom Seng
Assistant Professor of Professional Practice in Energy Finance
#Oil #Oilprices #Oilandgas #iranwar #trump
Roundtable is a discussion programme with an edge. Broadcast out of London and presented by Enda Brady, it's about bringing people to the table, listening to every opinion, and analysing every point of view. From fierce debate to reflective thinking, Roundtable discussions offer a different perspective on the issues that matter to you. Watch it every weekday at 15:00 GMT on TRT World.
Donald Trump is taking aim at America’s biggest oil companies, accusing them of making ‘too much money’ as the Iran war drives energy prices higher.
Oil giants have reported astronomical profits for the last quarter, with the world’s big five oil giants making $48 billion in just three months.
Just months ago, Trump was happy that the Iran war was pushing up energy prices saying on X ‘when oil prices go up, we make a lot of money’.
But higher prices are now hitting American drivers at the pump, prompting the US President to change his tune.
Environmental groups are calling for a windfall tax on oil companies, arguing that the additional revenue could be returned to consumers.
With the Iran war continuing and fuel costs squeezing household budgets, rising gas prices could be a potential political issue for Trump and his Republican party ahead of November’s midterm elections.
Joining Enda Brady for this discussion:
Vicky Pryce
Economist
Malcolm Grimston
Honorary Senior Research Fellow at Imperial College London
Matthew Agarwala
Economist and Bennett Chair of Sustainable Finance
Tom Seng
Assistant Professor of Professional Practice in Energy Finance
#Oil #Oilprices #Oilandgas #iranwar #trump
Roundtable is a discussion programme with an edge. Broadcast out of London and presented by Enda Brady, it's about bringing people to the table, listening to every opinion, and analysing every point of view. From fierce debate to reflective thinking, Roundtable discussions offer a different perspective on the issues that matter to you. Watch it every weekday at 15:00 GMT on TRT World.
