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Common DreamsMar 30, 2026Opinion

Thanks to Trump's Iran War, Over $100 Billion Has Been 'Siphoned From Ordinary People' to Big Oil

Senator Whitehouse is the lead sponsor of legislation to impose a windfall profit tax on major oil companies.

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Thanks to Trump's Iran War, Over $100 Billion Has Been 'Siphoned From Ordinary People' to Big Oil
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tl;dr

An analysis claims a war with Iran has caused global energy price spikes, transferring over $100 billion from consumers to fossil fuel companies while U.S. Democrats push for a windfall tax.

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