European Union flags flutter outside the European Commission headquarters in Brussels, Belgium Februrary 26, 2026. REUTERS
BERLIN, April 4 (Reuters) – Five European Union finance ministers are calling for a tax on windfall profits of energy companies in reaction to rising fuel prices due to the Iran war, according to a letter from the ministers to the EU Commission seen by Reuters on Saturday.
The finance ministers of Germany, Italy, Spain, Portugal and Austria made the joint call in a letter dated Friday, saying such a measure would be a signal that “we stand united and are able to take action”.
“It would also send a clear message that those who profit from the consequences of the war must do their part to ease the burden on the general public,” they wrote.
Reporting by Andreas Rinke; Writing Tom Sims; Editing by Alison Williams
