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UN: Fuel support may surpass one trillion

UN: Fuel support may surpass one trillion

A United Nations study reports that governments around the world are increasingly struggling to protect consumers from rising energy prices, which are driven by Iran's war and global crises, with projections that fuel support costs will exceed one trillion dollars this year. The report explains that government measures to mitigate the impact of rising food and energy prices have become more challenging due to higher borrowing costs and the El Niño phenomenon, which could lead to climate disasters such as floods and droughts. These events further exacerbate food insecurity and heighten economic and social pressures. Additionally, the surge in energy prices has sparked protests and unrest in more than 10 countries, and the crisis is expected to continue and intensify—especially as oil prices approach $100 per barrel and the influence of the climate phenomenon increasingly threatens food security by 2027.

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