Macro Finance
Fuel Subsidies May Top $1 Trillion As Iran War Drags, UN Says
Bloomberg Markets·October 2, 2026·1 min read
Governments worldwide are running out of room to shield consumers from higher energy prices caused by the Iran war and other crises, with fuel subsidies potentially costing more than $1 trillion this year, a United Nations study found. The escalating costs strain budgets and threaten fiscal stability.
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