API CEO Mike Sommers discusses rising crude oil prices, falling U.S. petroleum reserves and energy supply disruptions. He analyzes potential policy changes to boost domestic refining capacity and address high gasoline and diesel prices.
‘Stands to gain financially’
The federal lawsuit alleges that the service from the president's media company violates the Constitution. Meanwhile, Trump Media executives say they have signed up more than 10 customers.
The federal lawsuit alleges that the service from the president's media company violates the Constitution. Meanwhile, Trump Media executives say they have signed up more than 10 customers.Open
Data: Financial Modeling Prep, Binance; Chart: Erin Davis/Axios Visuals For years, Truth Social was President Trump's money-losing megaphone. - Now his company is charging Wall Street up to $1.2 million a year for a split-second edge on posts that can — and frequently do — jolt global markets. Why it matters: Trump has transformed his second term into the most lucrative venture of his entire career, raking in more than $2.2 billion in 2025 from his family crypto empire , legal settlements and various licensing deals. - Truth API is the logical endpoint of that profiteering: the presidency's unrivaled power to move markets, packaged and sold as a subscription. Catch up quick: The new real-time feed from Trump Media & Technology…
Data: Financial Modeling Prep, Binance; Chart: Erin Davis/Axios Visuals For years, Truth Social was President Trump's money-losing megaphone. - Now his company is charging Wall Street up to $1.2 million a year for a split-second edge on posts that can — and frequently do — jolt global markets. Why it matters: Trump has transformed his second term into the most lucrative venture of his entire career, raking in more than $2.2 billion in 2025 from his family crypto empire , legal settlements and various licensing deals. - Truth API is the logical endpoint of that profiteering: the presidency's unrivaled power to move markets, packaged and sold as a subscription. Catch up quick: The new real-time feed from Trump Media & Technology…Open
Rep. Ritchie Torres (D-N.Y.) has asked the Securities and Exchange Commission to investigate whether plans by Truth Social's parent company to sell Wall Street firms real-time access to President Trump's posts could violate federal securities laws, according to a copy of the letter obtained by Axios. Why it matters: The letter escalates scrutiny of Trump Media & Technology Group's plan to monetize faster access for institutional investors to President Trump's market-moving social posts . Catch up quick: TMTG's new Truth API product, which is slated to debut Aug. 1, will provide real-time access to publicly available posts from the platform's top 10 trending accounts, Axios reported last week. - TMTG executives reportedly pitched the…
Rep. Ritchie Torres (D-N.Y.) has asked the Securities and Exchange Commission to investigate whether plans by Truth Social's parent company to sell Wall Street firms real-time access to President Trump's posts could violate federal securities laws, according to a copy of the letter obtained by Axios. Why it matters: The letter escalates scrutiny of Trump Media & Technology Group's plan to monetize faster access for institutional investors to President Trump's market-moving social posts . Catch up quick: TMTG's new Truth API product, which is slated to debut Aug. 1, will provide real-time access to publicly available posts from the platform's top 10 trending accounts, Axios reported last week. - TMTG executives reportedly pitched the…Open
President Trump is pairing his Iran blockade with a sales pitch: Countries squeezed by the Strait of Hormuz — especially China — should buy more oil from the U.S. instead. Why it matters: The U.S. rise to become the world's largest oil and gas producer — and largest exporter of liquefied natural gas — provides geopolitical leverage that Trump is attempting to wield. Driving the news: "China can send their ships to us. China can send their ships to Venezuela," Trump said on Fox's "Sunday Morning Futures." - And he claimed in a Saturday social media post that "empty Oil carrying ships from many Nations are all heading to the United States of America to LOAD UP with Oil." Reality check: The U.S. is already among the world's largest…
President Trump is pairing his Iran blockade with a sales pitch: Countries squeezed by the Strait of Hormuz — especially China — should buy more oil from the U.S. instead. Why it matters: The U.S. rise to become the world's largest oil and gas producer — and largest exporter of liquefied natural gas — provides geopolitical leverage that Trump is attempting to wield. Driving the news: "China can send their ships to us. China can send their ships to Venezuela," Trump said on Fox's "Sunday Morning Futures." - And he claimed in a Saturday social media post that "empty Oil carrying ships from many Nations are all heading to the United States of America to LOAD UP with Oil." Reality check: The U.S. is already among the world's largest…Open
How the United States can end Iran’s control of the Persian Gulf.
But an attendee told The Grayzone that oil industry heavyweights were less excited about Trump’s Venezuela policy, complaining in private about the President's push to reopen the country.
By Max Blumenthal When the American Petroleum Institute (API) gathered oil industry leaders and lobbyists for a “State of American Energy” summit on January 16, 2026, the geopolitical landscape seemed to be shifting dramatically in their favor. However, an attendee of the resource extraction cartel’s most important annual lobbying conference told The Grayzone that participants privately grumbled about President Donald Trump’s heavy-handed attempts to steer their agenda, particularly in Venezuela, where he has demanded they immediately restart operations. Two weeks before the API summit, the US military kidnapped Venezuelan President Nicolas Maduro in a violent raid, enabling the Trump administration to commandeer the country’s…Open