EU Eyes Windfall Profit Tax on Oil and Gas as Energy Prices Surge
🇪🇺 BRUSSELS — A windfall tax sounds like punishment; it's actually a political offer. 📌 LOOK CLOSER: With Brent clearing $107, EU governments face voter fury over energy bills while majors post record margins. A windfall levy recycles producer profits into household relief — but it also signals Brussels has given up on prices falling soon. The real tell: if enacted, it prices in Hormuz disruption as permanent, not temporary. Energy majors operating in EU jurisdictions are the immediate losers; member states needing fiscal room before winter are the buyers.