U.S. Pressure Shifts to Fuel Retailers as Iran Oil Exports Rebound From Lows

Middle East crude oil loadings in June recovered from low levels, with Iran’s exports rebounding noticeably, though overall loadings remained well below typical highs. According to Jin10, U.S. President Donald Trump shifted his pressure toward refined fuel retailers, seeking to push down retail fuel prices. The report said the summer driving season and disruptions at refineries made it difficult for gasoline prices to be pushed lower through public pressure alone.