Iran Conflict Generates Billions for Oil Companies, Demands Windfall Tax

The recent conflict between Iran, Israel, and the US has generated massive profits for oil companies, estimated at $30 million per hour in additional gains. Despite falling prices as tensions ease, the 'rocket-feather effect' means prices drop slowly after sharp spikes. The author argues that governments should impose windfall taxes on these excess profits, which come at the expense of consumers. The piece, published in Der Freitag, calls for political action to tax these war-driven profits.