Trump faces calls for windfall tax on big oil’s profits from Iran war

“Trump’s declaration that big oil is ‘making too much money’ belies his accommodation and giveaways to the industry that have enabled its price-gouging – not to mention his disaster of a war of choice against Iran,” said Tyson Slocum, energy program director at consumer advocacy nonprofit Public Citizen. “But like a broken clock that’s correct twice a day, the president is right that oil companies are ‘making too much money’, which means Trump should endorse a windfall profits tax.”…

 https://www.theguardian.com/us-news/2026/aug/07/trump-windfall-tax-big-oil-iran-war