U.S. crude oil briefly dips below $70 as tankers transit Strait of Hormuz
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Summary
U.S. President Donald Trump intensified pressure on oil companies to lower gasoline prices following the recent decline in crude.
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Well done to Jim Chalmers!
— Heather Bilson. (@BilsonhBilson) June 24, 2026
Headline inflation falls for the second time in consecutive months!
This happening while Labor is still fixing the massive mess left by the LNP & a war in Iran set up by Trump & promoted by Murdoch!
🍾Just genius Jim!🎉 pic.twitter.com/Fbg4mYEzaZ