Trump plans to meet with U.S. refiners next week in an effort to lower gasoline prices ahead of the midterm elections

(1) According to informed sources, Trump is expected to meet with US refiners and fuel retailers next week, focusing on measures to lower gasoline prices in order to ease the economic pressure on consumers caused by the Iran war ahead of the November midterm elections. (2) The rise in gasoline prices could undermine Trump's 2024 campaign promise to reduce the cost of living. Polls show Trump's approval rating has dropped to 33%, with only 31% of Americans supporting the conflict with Iran. The Republican Party is trying to maintain its narrow majority in Congress during the election. (3) Companies expected to attend the meeting include refiners such as Valero Energy, Marathon Petroleum, and PBF Energy, as well as major fuel retailers. Trump has previously criticized oil companies for profiting from rising oil prices without sufficiently reducing costs for consumers. (4) The Iran war has disrupted energy transportation through the Strait of Hormuz, driving up oil prices. The average US gasoline price has surpassed $4 per gallon, about $1 higher than a year ago, becoming the most direct economic burden for voters. During the initial phase of the conflict, oil prices briefly soared to $112 per barrel, then retreated somewhat as partial shipping through the strait resumed.