Even as the US and Iran wrestle over an agreement to reopen the Strait of Hormuz, surging gas prices have turned the government’s attention to a perennially popular fiscal scam: Ease the pressure on household budgets with a gas tax holiday. In reality, such a plan to curry favor with voters would make them, all things considered, worse off. Responsible policymakers should have nothing to do with i
Geopolitics Bloomberg May 27, 2026