15 Hrs
Source:
الاقتصادية
Governments Amid Rising Energy Costs
Governments around the world are facing rising energy prices due to supply shocks, especially amid increasing tensions in the Strait of Hormuz and the ongoing conflict between the United States and Iran. Many countries are taking swift measures such as direct support, tax reductions, releasing strategic reserves, and imposing export restrictions to protect households and businesses from the repercussions of the increase, which affects inflation and economic growth. These interventions are temporary and highlight the challenges of ensuring energy supply security and the ongoing costs of linking to oil and gas markets.
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