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5 days ago

House GOP urges Trump to choke off Iran ally's oil profits as Middle East turmoil spikes US gas prices

FIRST ON FOX: A group of House Republicans is urging the Trump administration to choke off Russia's profits from one of its largest energy companies as global oil prices spike.It comes as the U.S. and Israel's conflict with Iran, one of Russia's closest allies on the world stage and another major energy producer, is threatening to spiral the market out of control both overseas and here at home.Rep. August Pfluger, R-Texas, who chairs the Republican Study Committee, is leading five fellow GOP lawmakers in a letter to Treasury Secretary Scott Bessent regarding Lukoil — which accounts for roughly...

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5 days ago
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