UK Edition
The GuardianThursday, 16 April 2026
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War windfall: big oil makes extra $30m every hour during conflict
Call to tax profits as firms forecast to make $234bn by end of year
The paper frames the economic fallout of the conflict through a critical lens on corporate profiteering, juxtaposing high oil industry profits against calls for taxation.
Global energy prices frequently spike during Middle Eastern conflicts due to supply concerns. This story highlights the resulting surge in revenue for fossil fuel companies, prompting renewed political debate over implementing windfall taxes on these unexpected profits.
“War windfall”
“Critical of corporate war profiteering”
Trump’s Iran attack a mistake, says Reeves
Highlights domestic political criticism of the US military action, focusing on the shadow chancellor's framing of the strike as economically and globally destabilising.
BBC to lose 10% of staff as it cuts costs by £500m
Provides straightforward, data-led reporting on significant financial restructuring and job losses at the public service broadcaster.
Do you speak whale?
Creatures’ ‘alphabet’ discovered
A light scientific discovery story acting as a brief tonal counterbalance to the heavy news agenda below.
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