05 Nov 2026, 02:22 PM
Oil giants cash in on the US-Iran conflict. Can an EU-wide tax on oil profits ease the energy crisis?
A new report commissioned by Greenpeace Germany found that oil companies earned âŦ36 billion in additional margins from the fallout of the US-Iran conflict between March 1 and October 19. Can Europe tax these profits to help ease rising energy bills?
Source Credit: euronews.com
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