Politics1 min read

'Trump's buddies in big oil' profited $130bn from Iran war, US senator says

By · Via Middle East Eye · Published by Everything Blog

In short

Senator Chris Van Hollen condemned the military intervention in Iran, labeling the conflict as both illegal and senseless in remarks posted on X. He reported that domestic oil giants secured massive earnings while ordinary American households absorbed an extra $1,100 in fuel expenses. Van Hollen accused corporate executives of benefiting from the financial hardship of working families. Consequently, he demanded an immediate end to the hostilities to safeguard lives and alleviate severe cost-of-living burdens.

Key points

  • Lawmakers are connecting substantial corporate profits directly to consumer financial dis…: Lawmakers are connecting substantial corporate profits directly to consumer financial distress caused by the military conflict.
  • The high fuel expenses incurred by working families are fueling political calls to stop t…: The high fuel expenses incurred by working families are fueling political calls to stop the overseas fighting immediately.
  • Ending the war is being framed as an urgent requirement to lower household expenses and p…: Ending the war is being framed as an urgent requirement to lower household expenses and preserve human life.

Sources checked by our analysis pipeline: 1

US Senator Chris Van Hollen has said that US President Donald Trump's "buddies" in oil business have made $130 billion in profit while American households have paid "over 1,100 in extra fuel costs".

In a post on X, Hollen said “Since Trump started this illegal & senseless war in Iran, his buddies in Big Oil have made $130 BILLION in profit" and added that US oil companies are “literally profiting off working people’s pain".

“To save lives & lower costs, this war must end,” he said.

Since Trump started this illegal & senseless war in Iran, his buddies in Big Oil have made $130 BILLION in profit while American households have paid over $1,100 in extra fuel costs. Literally profiting off working people's pain. To save lives & lower costs, this war must end. https://t.co/DyhOcrcJ63

— Senator Chris Van Hollen (@ChrisVanHollen) October 30, 2026

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