Tuesday, March 10, 2026

Oil price surge could wipe out benefits of Trump tax cuts, analysis warns

The rising cost of oil could outweigh the benefits of President Trump's tax cuts from his signature "Big Beautiful Bill", according to new analysis.

The Strait of Hormuz, where a fifth of the world's oil passes through, is effectively closed while the conflict in the Middle East continues.

Mitch McCann reports:

IN: THE FINANCIAL SERVICES
OUT: SOC
DUR: 00:43