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Trump's Iran Actions Yield $23B in Fossil Fuel Windfall

4/16/2026

46 6 Full Breakdown

Summary

Story summary

U.S. President Donald Trump’s actions in Iran boost profits for the fossil fuels industry.
The Guardian reports top 100 oil and gas firms gained $30 million per hour since late February.
In the first month, windfall profits reached $23 billion.
350.org calls for a windfall profits tax to fund renewable energy.
Beth Walker supports the windfall profits tax to reduce reliance on fossil fuels.

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Story summary

U.S. President Donald Trump’s actions in Iran boost profits for the fossil fuels industry.
The Guardian reports top 100 oil and gas firms gained $30 million per hour since late February.
In the first month, windfall profits reached $23 billion.
350.org calls for a windfall profits tax to fund renewable energy.
Beth Walker supports the windfall profits tax to reduce reliance on fossil fuels.