- President Donald Trump criticized major oil companies for not reducing gas prices at the pump, despite lower oil costs following a peace deal with Iran.
- Trump claimed customers are being 'gouged' and announced he has instructed the Justice Department to investigate the issue immediately.
- This follows Trump's previous assurances that gas prices would 'drop like a rock' once the war in Iran concluded.
- The 'war in Iran,' launched in late February, and the closure of the Strait of Hormuz had caused a significant surge in gas and energy prices.
- Experts warn that despite a recent peace deal and easing prices, it could take months or even years for gas prices to return to pre-war levels due to the 'rockets and feathers' phenomenon.
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