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Radio France Internationale
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Five EU finance ministers call for 'tax on energy companies' windfall profits

European Union the EU Commission Europe Iran Oil
Fuel prices have started to rise in Germany. Here, a man fills up his car at an Aral gas station in Berlin, Germany, 2 March, 2026. REUTERS - Axel Schmidt

Five European Union finance ministers are calling for a tax on windfall profits of energy companies in reaction to rising fuel prices due to the Iran war, according to a letter from the ministers to the EU Commission seen by Reuters on Saturday.

The finance ministers of Germany, Italy, Spain, Portugal and Austria made the joint call in a letter dated Friday, saying such a measure would be a signal that "we stand united and are able to take action".

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