Story thread · 2 reports / 1 sources

Oil profits boom on ‘war bonus’ as Trump blasts energy giants for ‘making too much money’ - business live

theguardian.com · 7dShare

Rolling coverage of the latest economic and financial news While oil company profits soar, farmers across Europe are warning of a slump in food production and rising prices as crops suffer as a result of extreme heat, drought and wildfires. Olive groves have also been hit as the climate crisis drives temperatures across the continent to fresh record highs , meaning the cost of olive oil – already at elevated levels – is expected to start rising again. [BP] prioritises paying shareholders over looking after workers and ordinary people whilst reaping a ‘war bonus’ because of the Iran conflict. The war isn’t only a humanitarian disaster but an economic one for ordinary people, who have ended up paying the price of a ‘Trump Tax’ as the cost of energy rises. Continue reading...

First report: Price of olive oil expected to rise again as European crops feel the heat — theguardian.com, 7d