Germany Weighs Windfall Tax as Iran War Drives Price Surge

Germany’s Finance Ministry is considering options for a windfall tax on oil companies that would capture a share of profits driven by surging crude prices as the US-led war on Iran roils markets.

Officials under Vice Chancellor Lars Klingbeil, who leads the ministry, are examining an excess-profit levy to fund consumer relief, a government official said on condition of anonymity. One option is to use the proceeds to increase commuter allowances.