Donald Trump has summoned oil groups to the White House on Tuesday as high petrol and diesel prices, triggered by his war in Iran, push up inflation across the US ahead of midterm elections.
Marathon Petroleum, Phillips 66, Chevron, Delek US Holdings, PBF Energy and Valero Energy are among the companies called to the meeting to discuss refining capacity and prices, according to people with knowledge of the event.
With less than three months until November’s midterm legislative elections, the US president is under increasing political pressure over an affordability crunch, with a recent FT poll showing voters now believe they are worse off under Trump.