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18th September 2026

Bulletin: Where did the Windfall Fall?

In early March 2026, petrol-price surges appeared only days after the opening strikes on Iran, even though physical supply chains should have lagged behind. This investigation asks where the added value went — and whether motorists and the state were left carrying the cost.

Surreal illustration of an oil derrick spouting black apples over both sides of a fence, with an oil worker on the left and two men studying a map and survey instrument on the right.
Oil keeps the global economy moving, but who profits and who pays is complex. During disruptions, value can shift quickly through the supply chain before the physical product itself arrives.
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