Fuel Subsidies May Top $1 Trillion As Iran War Drags, UN Says
A UN study indicates that global fuel subsidies could exceed $1 trillion this year as governments struggle to protect consumers from rising energy costs caused by the Iran war.
Governments around the world are running out of room to shield consumers from higher energy prices resulting from the Iran war and other crises, with fuel subsidies potentially costing more than $1 trillion this year, a United Nations study found.
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