Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
World
Martin Belam

First Thing: Soaring oil profits from US-Iran conflict drive calls for windfall tax

A person holding a gas pump to their vehicle at an Exxon station.
A man pumps gas at an Exxon station. Photograph: Ken Cedeno/Reuters

Good morning. Donald Trump’s statement that oil companies have made “too much money” from the Iran war has angered environmentalists, who say his policies were designed to benefit those very corporations.

Americans have paid more than $78bn more at the pump since the start of the Iran war, according to a Brown University tracker. A recent analysis from the environmental advocacy group Climate Power and the Center for American Progress Action Fund, a liberal thinktank, found that Trump’s policies had cost the average American family $285 more when filling up their cars.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.