# Oil giants profit from US-Iran conflict. Could an EU-wide tax ease the energy crisis?

https://mins.news/en/item/130261

- euronews, 2026-11-05 08:00 UTC
- Economy
- Original: https://www.euronews.com/2026/11/05/oil-giants-cash-in-on-the-us-iran-conflict-can-an-eu-wide-tax-on-oil-profits-ease-the-ener

> A new report commissioned by Greenpeace Germany found that oil companies made an extra €36 billion in margins from the fallout of the US-Iran conflict between March 1 and October 19. Could Europe tax those profits to help curb rising energy bills?

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