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Kaitlan Collins Schools Scott Jennings After Trump Meltdown
The Daily Beast • • world
Key Points:
- CNN host challenged Scott Jennings' claim that gas prices are no longer newsworthy, noting the national average remains at $3.92 per gallon, down from a Memorial Day peak but still significantly higher than pre-conflict levels.
- Gas prices surged following U.S.-Israeli attacks and Iran's closure of the Strait of Hormuz, a key oil shipping route, causing global economic disruption and voter concern ahead of the midterms.
- A provisional peace deal signed in June aimed to reopen the strait, but Iran reclosed it after alleged violations linked to Israeli strikes, prolonging supply issues and delaying potential price drops.
- President Trump criticized oil companies on social media for not lowering pump prices in line with falling oil prices, instructing the DOJ to investigate allegations of price gouging despite his longstanding ties to the oil industry.
- Oil and gas companies have heavily funded Trump's 2024 campaign, contributing approximately $445 million, highlighting a complex relationship between the president and the energy sector.
