Archived

First Thing: Soaring oil profits from US-Iran conflict drive calls for windfall tax

Environmentalists and activists furious as Trump’s policies raise costs for Americans. Plus, the masterpiece that was left lying in museum storage Don’t already get First Thing in your inbox? Sign up here Good morning. Donald Trump’s statement that oil companies have made “too much money” from the Iran war has angered environmentalists , who say his policies were designed to benefit those very corporations. American…

Coverage from 2 publishers 2 source reports
Guardian
World
Update summary

What changed in this update

US president’s complaint industry ‘making too much money’ comes after his policies boosted corporations Donald Trump’s statement that oil companies have made “too much money” from the Iran war has angered environmentalists, who say that his policies were designed to benefit those very corporations. If he really believes his own claims, he should impose a windfall profits tax, advocates say. “Trump’s declaration that…

Source coverage

Source reports

World
Guardian

First Thing: Soaring oil profits from US-Iran conflict drive calls for windfall tax

World
Guardian

Trump faces calls for windfall tax on big oil’s profits from Iran war

US president’s complaint industry ‘making too much money’ comes after his policies boosted corporations Donald Trump’s statement that oil companies have made “too much money” from the Iran war has angered environmentalists, who say that his policies were designed to benefit those very corporations. If he really believes his own claims, he should impose a windfall profits tax, advocates say. “Trump’s declaration that…

More news

Also in the news

Aleksandar Vucic Concedes Defeat in Serbian ElectionNYTimes – World
World Updating

Vučić Concedes Defeat to Serbia Student-Led Movement

Serbian leader Aleksandar Vučić conceded defeat after a student-led protest movement won a parliamentary majority in Serbia's elections, ending roughly 14 years of his dominance. The opposition Student List is projected to secure a majority following nearly two years of protests. Vučić, who had been endorsed by Russian President Vladimir Putin and denounced the movement as foreign-led, acknowledged the loss in an early speech.

8 references
PBSDWNYTFrance 24Al Jazeera +1
Lula wins fourth term in dramatic Brazil election comebackBBC News – World
World Established

Lula wins fourth term as Bolsonaro rejects Brazil result

Brazilian President Luiz Inácio Lula da Silva was re-elected to a fourth term in a tight runoff against right-wing challenger Senator Flávio Bolsonaro, official results showed. Lula won 51.7% of the vote to Bolsonaro's 48.2%. Bolsonaro refused to concede and said he would seek to have the vote annulled, following an evening of chaos at some polling places after voting was extended by two hours.

17 references
France 24Al JazeeraDWNews24Euronews +3
Three men arrested in shootout after deadly attack on church in JordanSky News – World
World Updating

Jordan Arrests Three Suspects Over Deadly Church Attack

Jordanian authorities arrested three men after a deadly attack on a church during a funeral procession in the western village of Hammoud. The suspects were wounded in a dawn shootout with security forces. The Jordanian director of public security called the assailants Islamic extremists. The death toll was reported as eight or nine. Jordan also carried out strikes on "militant hideouts" in Syria that it said were linked to the attack; Syria gave a different account.

7 references
Al JazeeraDWSkyFrance 24
Discovery

See what’s emerging. See what’s changing.

Explore stories gaining momentum and continuing events with new developments.