May 28, 2026
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5:26Now PlayingOil companies are raking in windfall profits from Trump’s Iran war and using the money for stock buybacks and dividends instead of lowering prices or increasing production. Exxon, Shell, and Chevron are openly telling investors that supply shocks, volatility, and high prices are good for business while families get crushed at the pump. The war raised the price, corporate greed keeps it there, and working people are the ones being drained. Ring of Fire's Josh G. explains.
Raw Story / Common Dreams, “‘Good for business’Big Oil plans huge shareholder payouts amid gas price suffering”
Groundwork Collaborative report
Quincy Institute, Karthik Sankaran on global fuel impact
CNN, “Oil gas Iran Trump deal”
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