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Trump Orders DOJ Probe; US-Iran Deal Sends Crude $69

6/28/2026

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Story summary
  • United States and Iran signed a memorandum of understanding to end the conflict, sending WTI crude to $69 a barrel.
  • Gasoline price stayed at $3.90 per gallon on Friday, about $1 above late-February.
  • President Donald Trump accused oil firms of gouging and ordered the Department of Justice (DOJ) to investigate gasoline prices.
  • Retail operators, squeezed by April margins, seek to recoup losses as inventories and demand keep pump prices high.