Donald Trump has summoned major US oil refiners — including Marathon Petroleum, Phillips 66, Chevron, Delek US Holdings, PBF Energy, and Valero Energy — to the White House on Tuesday to address soaring fuel prices driven by his administration's war in Iran. With midterm elections less than three months away, the president faces mounting political pressure as average US petrol prices exceed $4 per gallon, a nearly 30% increase over the past year, while diesel approaches $5.80 per gallon. White House spokesperson Taylor Rogers said the meeting aims to increase refining capacity and "bring down prices for the American people." The summons comes as refiners report record profits, with diesel crack spreads soaring to $100 a barrel.

In June, Trump accused Big Oil of price gouging and called for a Justice Department investigation. Crude prices rose again Monday, with Brent settling at $90.49 per barrel after renewed US-Iran clashes. Analysts warn the administration has limited leverage, as US refinery utilization has exceeded 95% for 12 consecutive weeks — the longest streak since 2000 — leaving the system vulnerable to hurricanes or further Middle East escalation.

Some suggest Trump could ban fuel exports to ease domestic prices, though this risks alienating a traditionally pro-Trump industry.