
The War on Iran Has Made the Rich Even Richer
Over 50% of the profits from recent oil supply shocks went to the top 1% of Americans. The bottom half received just 1%. The Iran war likely triggered another massive transfer to the very richest.
Ben Balint-Kurti is an economics and antitrust journalist based in New York. He was previously a research fellow at the Reimagining the Economy project at Harvard.

Over 50% of the profits from recent oil supply shocks went to the top 1% of Americans. The bottom half received just 1%. The Iran war likely triggered another massive transfer to the very richest.