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Robert Reich Says Americans Are 'Getting Charged Twice' as Trump's Iran War Raises Gas Prices, Boosts Big Oil Profits

Jul 31, 2026 · 06:02 AM ET· updated 3h ago
Robert Reich Says Americans Are 'Getting Charged Twice' as Trump's Iran War Raises Gas Prices, Boosts Big Oil Profits

Robert Reich says the Iran War benefits the oil industry, but raises gas prices for consumers despite billions in tax breaks.

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Why It Matters

When a war happens in an oil-producing region, gas prices can go up for regular people while oil companies make more money. This is why some people watch what's happening in the Middle East—it affects how much families pay at the pump.

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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.

Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.