The Chonkerton

Oil companies are making billions. In the U.S., calls to tax their windfall are growing

business

The Iran war has driven oil prices higher, and oil companies are cashing in with excess profits. Some U.S. lawmakers are proposing a windfall profits tax on those gains, directing the revenue to lower-income Americans, per NPR News.

Source: https://www.npr.org/2026/07/16/nx-s1-5845818/oil-prices-w...

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