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Trump Accused of Profiteering Off Iran War as Big Oil Cashes In

Guavy AI Editorial Team
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Oil
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US oil majors ExxonMobil and Chevron reaped massive windfall profits from the Iran war, earning nearly $14.5bn and $12bn respectively in the second quarter of the year.

Donald Trump's statement that oil companies have made 'too much money' from the conflict has sparked calls for a windfall tax on big oil's profits.

Trump's policies have been criticized for benefiting the fossil fuel industry, with environmentalists pointing out his administration has eased regulations and exempted producers from environmental rules.

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