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Middle East crisis could cost world $1tn while oil firms make ‘obscene’ profit, analysis finds

The Guardian· Apr 28, 2026 · 1:17 PM · 23 views

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The global economy faces a potential trillion-dollar impact due to the Middle East crisis, while oil companies report soaring profits. Amidst this, calls for a windfall tax to fund renewable solutions grow louder as activists urge a shift from fossil fuels. Explore the economic and environmental implications of this pressing issue. #MiddleEastCrisis #OilProfits #RenewableEnergy #GlobalEconomy #SustainableFuture

Originally reported by The Guardian. Read the full story →

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Middle East crisis could cost world $1tn while oil firms make ‘obscene’ profit, analysis finds

More in World

Pennsylvania State Police helicopter and small plane collide and crash; no word on possible injuries

‘Fed up with a war they didn't want’: Midwestern voters air frustrations impacting the midterms

Trump threatens 'tremendous economic consequences' on any country helping Iran

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